OptimumBank (NASDAQ:OPHC) Now Covered by Analysts at StockNews.com

Posted by Scott Moore on Sep 10th, 2024

StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a report published on Saturday morning. The brokerage issued a hold rating on the bank’s stock.

Separately, Compass Point started coverage on shares of OptimumBank in a research report on Thursday, May 23rd. They issued a neutral rating and a $5.25 price target on the stock.

Read Our Latest Stock Analysis on OPHC

OptimumBank Stock Performance

Shares of NASDAQ:OPHC opened at $4.53 on Friday. The stock has a market capitalization of $43.85 million, a price-to-earnings ratio of 4.44 and a beta of 0.37. The business’s fifty day moving average price is $4.54 and its two-hundred day moving average price is $4.39. OptimumBank has a fifty-two week low of $3.04 and a fifty-two week high of $4.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 1.13.

OptimumBank (NASDAQ:OPHC – Get Free Report) last announced 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 company had revenue of $9.94 million for the quarter.

Institutional Investors Weigh In On OptimumBank

A number of institutional investors have recently made changes to their positions in the company. EJF Capital LLC acquired a new stake in shares of OptimumBank in the 1st quarter valued at $1,100,000. Renaissance Technologies LLC lifted its position in shares of OptimumBank by 21.4% during the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after acquiring an additional 9,228 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in OptimumBank by 52.2% in the 2nd 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 in the last quarter. Institutional investors own 7.43% of the company’s stock.

About OptimumBank

(Get Free Report)

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.