OptimumBank (NASDAQ:OPHC) Earns Hold Rating from Analysts at StockNews.com

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

OptimumBank Trading Up 1.2 %

Shares of OptimumBank stock opened at $4.23 on Wednesday. OptimumBank has a 1 year low of $2.77 and a 1 year high of $4.91. The firm has a market cap of $33.29 million, a PE ratio of 4.86 and a beta of 0.30. The stock has a fifty day moving average price of $4.25 and a 200-day moving average price of $3.94. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 1.17.

OptimumBank (NASDAQ:OPHC) last announced its earnings results on Friday, March 8th. The bank reported $0.35 earnings per share (EPS) for the quarter. OptimumBank had a return on equity of 9.41% and a net margin of 16.01%. The firm had revenue of $8.19 million during the quarter.

Institutional Investors Weigh In On OptimumBank

An institutional investor recently bought a new position in OptimumBank stock. Warberg Asset Management LLC bought a new stake in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,500 shares of the bank’s stock, valued at approximately $65,000. Warberg Asset Management LLC owned about 0.28% of OptimumBank at the end of the most recent reporting period. 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, NOW, and time deposit accounts, as well as certificates of deposit.