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

Equities researchers at StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Stock Performance

OPHC stock opened at $4.52 on Wednesday. The firm has a 50 day moving average of $4.61 and a two-hundred day moving average of $4.42. OptimumBank has a 12 month low of $3.12 and a 12 month high of $4.98. The company has a market capitalization of $43.55 million, a price-to-earnings ratio of 4.43 and a beta of 0.36. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52.

OptimumBank (NASDAQ:OPHC) last posted its earnings results on Monday, August 5th. The bank reported $0.34 EPS for the quarter. OptimumBank had a net margin of 18.24% and a return on equity of 12.66%. The firm had revenue of $9.94 million for the quarter.

Institutional Trading of OptimumBank

Several large investors have recently modified their holdings of the company. EJF Capital LLC bought a new stake in OptimumBank during the first quarter valued at about $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 worth $225,000 after purchasing an additional 9,228 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in OptimumBank by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after purchasing an additional 8,960 shares during the period. 7.43% of the stock is owned by institutional investors.

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.