StockNews.com Begins Coverage on OptimumBank (NASDAQ:OPHC)

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the bank’s stock.

OptimumBank Price Performance

Shares of OptimumBank stock opened at $4.53 on Wednesday. The business has a fifty day simple moving average of $4.61 and a 200 day simple moving average of $4.43. The stock has a market cap of $43.65 million, a PE ratio of 4.44 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 has a 12 month low of $3.12 and a 12 month high of $4.98.

OptimumBank (NASDAQ:OPHC) last announced its quarterly 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 during the quarter.

Institutional Trading of OptimumBank

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in 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 acquiring an additional 8,960 shares during the period. Renaissance Technologies LLC grew its position in shares of OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after purchasing an additional 9,228 shares during the period. Finally, EJF Capital LLC bought a new stake in OptimumBank during the 1st 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.