OptimumBank (OPHC) Expected to Announce Earnings on Thursday

OptimumBank (NASDAQ:OPHC) is expected to post its results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $0.27 per share and revenue of $17.65 million for the quarter.

OptimumBank Stock Performance

Shares of OPHC stock opened at $9.17 on Wednesday. The stock has a market capitalization of $115.74 million, a PE ratio of 6.95 and a beta of 0.31. OptimumBank has a 52-week low of $3.92 and a 52-week high of $10.68. The stock’s 50-day moving average price is $8.96 and its 200 day moving average price is $6.66. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43.

Wall Street Analysts Forecast Growth

OPHC has been the subject of a number of recent research reports. Alliance Global Partners reaffirmed a “buy” rating on shares of OptimumBank in a research report on Friday, August 14th. Zacks Research lowered OptimumBank from a “strong-buy” rating to a “hold” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.67.

OptimumBank Company Profile

OptimumBank is a community bank headquartered in Fort Lauderdale, Florida. Through its banking operations, the company provides financial products and services to individuals, businesses and professional customers in South Florida.

The bank’s offerings include deposit accounts, checking and savings products, certificates of deposit, online banking and other traditional consumer banking services. Its lending activities include commercial real estate loans, business financing, residential real estate loans and consumer loans.

OptimumBank was established in 2000 and has focused on serving the South Florida market through relationship-based banking.