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

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

OptimumBank Stock Performance

OPHC opened at $4.18 on Wednesday. The company has a market cap of $32.90 million, a P/E ratio of 4.80 and a beta of 0.30. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.17 and a current ratio of 1.17. OptimumBank has a one year low of $2.77 and a one year high of $4.91. The business’s 50-day simple moving average is $4.25 and its 200-day simple moving average is $3.94.

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

A hedge fund recently bought a new stake in OptimumBank stock. Warberg Asset Management LLC acquired a new position in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 20,500 shares of the bank’s stock, valued at approximately $65,000. Warberg Asset Management LLC owned 0.28% of OptimumBank at the end of the most recent quarter. 7.43% of the stock is currently owned by hedge funds and other institutional investors.

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.