Zacks Research Upgrades OptimumBank (NASDAQ:OPHC) to “Hold”

OptimumBank (NASDAQ:OPHC) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Brean Capital initiated coverage on shares of OptimumBank in a report on Monday. They set a “buy” rating and a $7.00 price target for the company. Alliance Global Partners assumed coverage on shares of OptimumBank in a report on Tuesday, April 7th. They issued a “buy” rating and a $6.50 target price for the company. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, OptimumBank has an average rating of “Moderate Buy” and an average target price of $6.75.

OptimumBank Stock Down 2.5%

NASDAQ OPHC traded down $0.13 on Tuesday, hitting $5.26. 100,397 shares of the stock were exchanged, compared to its average volume of 32,167. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. OptimumBank has a fifty-two week low of $3.91 and a fifty-two week high of $5.59. The company has a market cap of $63.94 million, a PE ratio of 4.06 and a beta of 0.28. The company has a 50-day moving average price of $5.28 and a 200-day moving average price of $4.65.

Insider Activity

In other news, insider Timothy Terry sold 39,304 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 18.66% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OPHC. Goldman Sachs Group Inc. boosted its holdings in shares of OptimumBank by 24.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock valued at $118,000 after buying an additional 5,720 shares in the last quarter. Brown Advisory Inc. acquired a new stake in OptimumBank during the 2nd quarter worth $89,000. Arcus Capital Partners LLC acquired a new stake in OptimumBank during the 3rd quarter worth $47,000. Vanguard Group Inc. boosted its stake in OptimumBank by 22.0% during the 3rd 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 during the period. Finally, Alliancebernstein L.P. boosted its stake in OptimumBank by 22.0% during the 3rd 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 during the period. Institutional investors and hedge funds own 7.43% of the company’s stock.

OptimumBank Company Profile

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.