OptimumBank (NASDAQ:OPHC) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a report released on Monday morning. The firm issued a hold rating on the bank’s stock.

OptimumBank Price Performance

OptimumBank stock opened at $4.57 on Monday. The business has a 50 day simple moving average of $4.59 and a 200 day simple moving average of $4.40. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $43.98 million, a PE ratio of 4.48 and a beta of 0.37. OptimumBank has a one year low of $3.04 and a one year 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. The company had revenue of $9.94 million for the quarter. OptimumBank had a net margin of 18.24% and a return on equity of 12.66%.

Hedge Funds Weigh In On OptimumBank

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in shares of OptimumBank by 52.2% in the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after buying an additional 8,960 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of OptimumBank by 21.4% in the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after acquiring an additional 9,228 shares during the last quarter. Finally, EJF Capital LLC acquired a new position in shares of OptimumBank during the first quarter worth approximately $1,100,000. Institutional investors own 7.43% of the company’s stock.

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.