OptimumBank Holdings, Inc. (NASDAQ:OPHC – Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 11,900 shares, a decline of 20.1% from the August 15th total of 14,900 shares. Based on an average trading volume of 20,200 shares, the short-interest ratio is currently 0.6 days.
OptimumBank Trading Up 0.4 %
OptimumBank stock traded up $0.02 during trading hours on Friday, reaching $4.58. 29,581 shares of the company’s stock were exchanged, compared to its average volume of 13,797. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The firm’s 50 day simple moving average is $4.56 and its 200 day simple moving average is $4.40. OptimumBank has a twelve month low of $3.04 and a twelve month high of $4.98. The firm has a market capitalization of $44.33 million, a PE ratio of 4.49 and a beta of 0.37.
OptimumBank (NASDAQ:OPHC – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The bank reported $0.34 earnings per share 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
Analysts Set New Price Targets
Several brokerages recently issued reports on OPHC. StockNews.com began coverage on OptimumBank in a research note on Sunday. They issued a “hold” rating for the company. Compass Point began coverage on OptimumBank in a research note on Thursday, May 23rd. They issued a “neutral” rating and a $5.25 price target for the company.
Read Our Latest Analysis on OptimumBank
About OptimumBank
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.
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