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

StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note issued on Thursday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Price Performance

OptimumBank stock opened at $4.57 on Thursday. The stock has a market capitalization of $44.24 million, a P/E ratio of 3.87 and a beta of 0.36. The company’s fifty day moving average price is $4.61 and its 200 day moving average price is $4.43. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.13. OptimumBank has a 1 year low of $3.12 and a 1 year high of $4.98.

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

Hedge Funds Weigh In On OptimumBank

Several hedge funds and other institutional investors have recently made changes to their positions in OPHC. Renaissance Technologies LLC increased its position in shares of OptimumBank by 21.4% during the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after purchasing an additional 9,228 shares in the last quarter. Dimensional Fund Advisors LP grew 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 acquiring an additional 8,960 shares in the last quarter. Finally, EJF Capital LLC acquired a new stake in OptimumBank in the 1st quarter valued at about $1,100,000. Hedge funds and other institutional investors 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.