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

StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report sent to investors on Friday. The firm issued a hold rating on the bank’s stock.

OptimumBank Price Performance

OptimumBank stock opened at $4.60 on Friday. The firm has a market capitalization of $44.32 million, a P/E ratio of 4.51 and a beta of 0.36. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. OptimumBank has a twelve month low of $3.12 and a twelve month high of $4.98. The stock’s fifty day simple moving average is $4.60 and its 200-day simple moving average is $4.46.

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

Hedge Funds Weigh In On OptimumBank

Several institutional investors have recently added to or reduced their stakes in the stock. EJF Capital LLC purchased a new position in OptimumBank in the first quarter worth $1,100,000. Renaissance Technologies LLC increased its position in shares of OptimumBank by 21.4% in the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after buying an additional 9,228 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of OptimumBank by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after buying an additional 8,960 shares during the last quarter. Institutional investors and hedge funds 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.