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

Research analysts at StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC – Get Rating) in a report released on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Trading Up 1.8 %

OPHC opened at $2.90 on Wednesday. The business has a fifty day moving average price of $3.16 and a 200 day moving average price of $3.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.11 and a quick ratio of 1.11. OptimumBank has a 12 month low of $2.77 and a 12 month high of $4.80. The stock has a market capitalization of $21.03 million, a price-to-earnings ratio of 4.33 and a beta of 0.50.

OptimumBank (NASDAQ:OPHC – Get Rating) last announced its quarterly earnings data on Monday, March 6th. The bank reported $0.24 EPS for the quarter. OptimumBank had a return on equity of 7.62% and a net margin of 16.02%. The business had revenue of $5.41 million during the quarter.

Institutional Investors Weigh In On OptimumBank

A hedge fund recently bought a new stake in OptimumBank stock. Susquehanna International Group LLP purchased a new position in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,508 shares of the bank’s stock, valued at approximately $55,000. Susquehanna International Group LLP owned about 0.20% of OptimumBank at the end of the most recent reporting period. 4.20% of the stock is currently owned by institutional investors and hedge funds.

OptimumBank Company Profile

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OptimumBank Holdings, Inc is a bank holding company for OptimumBank, which offers a variety of community banking services to individual and corporate customers through OptimumBank. Its services include savings, deposits, checking, cash management services, business checking, online banking, and ATM networks.