StockNews.com Begins Coverage on OptimumBank (NASDAQ:OPHC)

StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Price Performance

OptimumBank stock opened at $4.52 on Tuesday. The stock has a fifty day moving average of $4.60 and a 200-day moving average of $4.41. The stock has a market capitalization of $43.75 million, a P/E ratio of 4.43 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.13. OptimumBank has a 52 week low of $3.12 and a 52 week high of $4.98.

OptimumBank (NASDAQ:OPHC) last issued its earnings results on Monday, August 5th. The bank reported $0.34 EPS for the quarter. OptimumBank had a return on equity of 12.66% and a net margin of 18.24%. The firm had revenue of $9.94 million during the quarter.

Institutional Trading of OptimumBank

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of OptimumBank by 52.2% during the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after purchasing an additional 8,960 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after purchasing an additional 9,228 shares during the last quarter. Finally, EJF Capital LLC acquired a new stake in OptimumBank during the 1st quarter worth about $1,100,000. Institutional investors own 7.43% of the company’s stock.

OptimumBank Company Profile

OptimumBank Holdings, Inc operates as the bank holding company for OptimumBank that provides various consumer and commercial banking services to individuals and businesses. It accepts demand interest-bearing and noninterest-bearing, savings, money market, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.