OptimumBank (NASDAQ:OPHC) Coverage Initiated by Analysts at StockNews.com

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

OptimumBank Stock Up 3.0 %

Shares of NASDAQ:OPHC opened at $4.44 on Thursday. OptimumBank has a 1 year low of $2.77 and a 1 year high of $4.91. 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 business’s 50-day moving average is $4.27 and its 200-day moving average is $4.00. The company has a market capitalization of $42.76 million, a price-to-earnings ratio of 5.10 and a beta of 0.30.

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

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 OptimumBank Holdings, Inc. (NASDAQ:OPHC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,500 shares of the bank’s stock, valued at approximately $65,000. Warberg Asset Management LLC owned approximately 0.28% of OptimumBank at the end of the most recent reporting period. 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, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.