OptimumBank (NASDAQ:OPHC) Now Covered by Alliance Global Partners

Equities research analysts at Alliance Global Partners assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a report issued on Tuesday. The brokerage set a “buy” rating and a $6.50 price target on the bank’s stock. Alliance Global Partners’ price objective points to a potential upside of 25.73% from the company’s previous close.

OptimumBank Stock Up 2.8%

Shares of NASDAQ:OPHC opened at $5.17 on Tuesday. OptimumBank has a 52-week low of $3.53 and a 52-week high of $5.59. The stock has a market cap of $62.90 million, a P/E ratio of 3.92 and a beta of 0.28. The business’s 50 day moving average is $5.18 and its 200 day moving average is $4.55. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43.

Insider Transactions at OptimumBank

In related news, insider Timothy Terry sold 39,304 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $4.73, for a total value of $185,907.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 13.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. grew its stake in OptimumBank by 22.0% in the third quarter. Alliancebernstein L.P. now owns 652,860 shares of the bank’s stock worth $2,677,000 after purchasing an additional 117,841 shares in the last quarter. Fourthstone LLC grew its stake in OptimumBank by 44.6% in the second quarter. Fourthstone LLC now owns 500,853 shares of the bank’s stock worth $2,239,000 after purchasing an additional 154,399 shares in the last quarter. Vanguard Group Inc. grew its stake in OptimumBank by 22.0% in the third quarter. Vanguard Group Inc. now owns 385,823 shares of the bank’s stock worth $1,582,000 after purchasing an additional 69,532 shares in the last quarter. Renaissance Technologies LLC grew its stake in OptimumBank by 16.4% in the fourth quarter. Renaissance Technologies LLC now owns 110,200 shares of the bank’s stock worth $468,000 after purchasing an additional 15,500 shares in the last quarter. Finally, Susquehanna International Group LLP grew its stake in OptimumBank by 112.2% in the third quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock worth $190,000 after purchasing an additional 24,569 shares in the last quarter. Institutional investors own 7.43% of the company’s stock.

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.