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

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

OptimumBank Stock Up 3.0 %

OptimumBank stock opened at $4.44 on Thursday. The firm has a market capitalization of $42.73 million, a P/E ratio of 5.10 and a beta of 0.30. The stock’s fifty day simple moving average is $4.27 and its 200-day simple moving average is $3.99. OptimumBank has a twelve month low of $2.77 and a twelve 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 posted its quarterly earnings results on Friday, March 8th. The bank reported $0.35 EPS for the quarter. The company 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%.

Hedge Funds Weigh In On OptimumBank

A hedge fund recently bought a new stake in OptimumBank stock. Warberg Asset Management LLC bought a new stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter. 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.