OptimumBank (NASDAQ:OPHC) Upgraded at Zacks Research

Zacks Research upgraded shares of OptimumBank (NASDAQ:OPHC) to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Several other brokerages also recently issued reports on OPHC. Alliance Global Partners initiated coverage on shares of OptimumBank in a research note on Tuesday, April 7th. They set a “buy” rating and a $6.50 target price on the stock. Brean Capital started coverage on OptimumBank in a research report on Monday. They issued a “buy” rating and a $7.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, OptimumBank has a consensus rating of “Moderate Buy” and an average price target of $6.75.

OptimumBank Price Performance

OPHC stock opened at $5.43 on Tuesday. The firm has a 50-day moving average of $5.29 and a two-hundred day moving average of $4.65. The firm has a market capitalization of $66.06 million, a PE ratio of 4.11 and a beta of 0.28. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. OptimumBank has a one year low of $3.91 and a one year high of $5.59.

Insider Transactions at OptimumBank

In related news, insider Timothy Terry sold 39,304 shares of OptimumBank stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $4.73, for a total transaction of $185,907.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 18.66% of the company’s stock.

Institutional Investors Weigh In On OptimumBank

A number of hedge funds and other institutional investors have recently made changes to their positions in OPHC. Alliancebernstein L.P. grew its stake in shares of OptimumBank by 22.0% in the 3rd quarter. Alliancebernstein L.P. now owns 652,860 shares of the bank’s stock valued at $2,677,000 after buying an additional 117,841 shares in the last quarter. Vanguard Group Inc. increased its holdings in OptimumBank by 22.0% in the third quarter. Vanguard Group Inc. now owns 385,823 shares of the bank’s stock worth $1,582,000 after buying an additional 69,532 shares during the last quarter. Susquehanna International Group LLP raised its position in OptimumBank by 112.2% during the third quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock valued at $190,000 after acquiring an additional 24,569 shares in the last quarter. Brown Advisory Inc. acquired a new stake in OptimumBank in the second quarter valued at approximately $89,000. Finally, Renaissance Technologies LLC lifted its stake in OptimumBank by 16.4% in the fourth quarter. Renaissance Technologies LLC now owns 110,200 shares of the bank’s stock valued at $468,000 after acquiring an additional 15,500 shares during the last quarter. 7.43% of the stock is owned by hedge funds and other institutional investors.

About OptimumBank

OptimumBank, Inc (NASDAQ:OPHC) is a Texas-chartered commercial bank holding company headquartered in Dallas, Texas, with community banking operations primarily in Texas and South Florida. Founded in 2005, OptimumBank delivers a full suite of deposit and lending products designed to meet the needs of small-to-medium sized businesses, real estate developers, and individual consumers. Through its network of full-service branches and digital platforms, the bank focuses on relationship-driven banking and personalized service.

On the lending side, OptimumBank offers commercial real estate financing, including construction loans, permanent mortgage loans, and land acquisition facilities.