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

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

OptimumBank Trading Down 2.5 %

OptimumBank stock opened at $3.17 on Wednesday. The stock has a market cap of $22.98 million, a P/E ratio of 4.59 and a beta of 0.47. OptimumBank has a fifty-two week low of $2.77 and a fifty-two week high of $4.80. The firm’s fifty day moving average price is $3.08 and its 200-day moving average price is $3.12. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.09.

OptimumBank (NASDAQ:OPHC) last released its quarterly earnings results on Wednesday, August 9th. The bank reported $0.18 earnings per share for the quarter. The firm had revenue of $6.36 million for the quarter. OptimumBank had a net margin of 15.06% and a return on equity of 7.67%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in OptimumBank stock. Morgan Stanley increased its stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC) by 1,250,000.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,008 shares of the bank’s stock after acquiring an additional 100,000 shares during the period. Morgan Stanley owned about 1.48% of OptimumBank worth $409,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.69% 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, NOW, and time deposit accounts, as well as certificates of deposit.