OptimumBank (NASDAQ:OPHC) Shares Pass Above Fifty Day Moving Average – Time to Sell?

OptimumBank Holdings, Inc. (NASDAQ:OPHC) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.41 and traded as high as $5.51. OptimumBank shares last traded at $5.45, with a volume of 12,783 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OPHC shares. Zacks Research upgraded OptimumBank to a “hold” rating in a research report on Tuesday, April 21st. Compass Point upgraded OptimumBank from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $6.00 to $6.50 in a research report on Wednesday, May 13th. Alliance Global Partners assumed coverage on OptimumBank in a research report on Tuesday, April 7th. They set a “buy” rating and a $6.50 target price for the company. Finally, Brean Capital assumed coverage on OptimumBank in a research report on Monday, April 20th. They set a “buy” rating and a $7.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.67.

OptimumBank Trading Down 1.6%

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $66.86 million, a price-to-earnings ratio of 4.13 and a beta of 0.33. The business has a 50 day simple moving average of $5.41 and a 200-day simple moving average of $4.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in OptimumBank by 24.8% during the first quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock worth $118,000 after acquiring an additional 5,720 shares in the last quarter. Globeflex Capital L P bought a new stake in OptimumBank during the first quarter worth about $62,000. Renaissance Technologies LLC raised its holdings in OptimumBank by 13.1% during the first quarter. Renaissance Technologies LLC now owns 124,600 shares of the bank’s stock worth $635,000 after acquiring an additional 14,400 shares in the last quarter. Brown Advisory Inc. bought a new stake in OptimumBank during the second quarter worth about $89,000. Finally, Susquehanna International Group LLP raised its holdings in OptimumBank by 112.2% during the third quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock worth $190,000 after acquiring an additional 24,569 shares in the last quarter. 7.43% of the stock is owned by institutional investors and hedge funds.

About OptimumBank

OptimumBank, Inc (NASDAQ:OPHC) is a Texas-chartered commercial bank holding company headquartered in Dallas, Texas, with community banking operations primarily in Texas and South Florida. Founded in 2005, OptimumBank delivers a full suite of deposit and lending products designed to meet the needs of small-to-medium sized businesses, real estate developers, and individual consumers. Through its network of full-service branches and digital platforms, the bank focuses on relationship-driven banking and personalized service.

On the lending side, OptimumBank offers commercial real estate financing, including construction loans, permanent mortgage loans, and land acquisition facilities.