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

Analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Stock Performance

OPHC stock opened at $4.30 on Friday. The stock has a market capitalization of $41.43 million, a PE ratio of 4.94 and a beta of 0.30. The stock’s 50 day simple moving average is $4.27 and its 200 day simple moving average is $4.02. OptimumBank has a 12-month low of $2.77 and a 12-month high of $4.91. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.08.

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

Institutional Investors Weigh In On OptimumBank

A hedge fund recently bought a new stake in OptimumBank stock. Warberg Asset Management LLC purchased a new position in OptimumBank Holdings, Inc. (NASDAQ:OPHC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,500 shares of the bank’s stock, valued at approximately $65,000. Warberg Asset Management LLC owned approximately 0.28% of OptimumBank as of its most recent SEC filing. Institutional investors own 7.43% of the company’s stock.

About OptimumBank

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.