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

Equities researchers at StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a report issued on Tuesday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Trading Up 4.2 %

NASDAQ OPHC opened at $4.18 on Tuesday. 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 stock has a market capitalization of $32.90 million, a P/E ratio of 4.80 and a beta of 0.30. The firm’s 50-day moving average is $4.24 and its two-hundred day moving average is $3.91. OptimumBank has a 12 month low of $2.77 and a 12 month high of $4.91.

OptimumBank (NASDAQ:OPHC) last issued its quarterly earnings results on Friday, March 8th. The bank reported $0.35 earnings per share (EPS) for the quarter. The company 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 Trading of OptimumBank

A number of institutional investors and hedge funds have recently bought and sold shares of OPHC. Warberg Asset Management LLC purchased a new stake in shares of OptimumBank during the third quarter worth approximately $65,000. Vanguard Group Inc. increased its stake in shares of OptimumBank by 86.0% during the third quarter. Vanguard Group Inc. now owns 98,489 shares of the bank’s stock worth $313,000 after buying an additional 45,544 shares during the period. Finally, Morgan Stanley increased its stake in shares of OptimumBank by 1,250,000.0% during the fourth quarter. Morgan Stanley now owns 100,008 shares of the bank’s stock worth $409,000 after buying an additional 100,000 shares during the period. 7.43% of the stock is currently owned by hedge funds and other institutional investors.

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.