OptimumBank Holdings, Inc. (NASDAQ:OPHC – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.29 and traded as low as $4.22. OptimumBank shares last traded at $4.26, with a volume of 4,782 shares traded.
Analysts Set New Price Targets
OPHC has been the subject of several research analyst reports. StockNews.com initiated coverage on OptimumBank in a research note on Thursday. They set a “hold” rating for the company. Compass Point initiated coverage on OptimumBank in a research report on Thursday, May 23rd. They set a “neutral” rating and a $5.25 price target for the company.
View Our Latest Report on OptimumBank
OptimumBank Trading Up 2.4 %
OptimumBank (NASDAQ:OPHC – Get Free Report) last released its quarterly earnings results on Monday, May 13th. The bank reported $0.31 EPS for the quarter. OptimumBank had a return on equity of 10.53% and a net margin of 16.43%. The company had revenue of $8.99 million during the quarter.
Institutional Investors Weigh In On OptimumBank
An institutional investor recently bought a new position in OptimumBank stock. EJF Capital LLC acquired a new stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 256,410 shares of the bank’s stock, valued at approximately $1,100,000. EJF Capital LLC owned about 2.66% of OptimumBank at the end of the most recent quarter. Institutional investors and hedge funds 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.
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