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

StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHCFree Report) in a report published on Saturday. The firm issued a hold rating on the bank’s stock.

OptimumBank Stock Down 2.3 %

OPHC stock opened at $4.30 on Friday. The firm has a market capitalization of $33.84 million, a P/E ratio of 4.94 and a beta of 0.30. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 1.17. The company’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $3.78. OptimumBank has a 52-week low of $2.77 and a 52-week high of $4.91.

OptimumBank (NASDAQ:OPHCGet Free Report) last released its quarterly earnings data on Friday, March 8th. The bank reported $0.35 earnings per share for the quarter. The firm had revenue of $8.19 million for the quarter. OptimumBank had a net margin of 16.01% and a return on equity of 9.41%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Charter Oak Capital Management LLC acquired a new position in OptimumBank in the 3rd quarter valued at approximately $35,000. Warberg Asset Management LLC acquired a new position in shares of OptimumBank during the 3rd quarter worth $65,000. Vanguard Group Inc. increased its stake in shares of OptimumBank by 86.0% during the 3rd quarter. Vanguard Group Inc. now owns 98,489 shares of the bank’s stock worth $313,000 after purchasing an additional 45,544 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of OptimumBank by 1,250,000.0% during the 4th quarter. Morgan Stanley now owns 100,008 shares of the bank’s stock worth $409,000 after purchasing an additional 100,000 shares during the last quarter. Institutional investors and hedge funds own 3.69% of the company’s stock.

About OptimumBank

(Get Free Report)

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.

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