Susquehanna International Group LLP Sells 65,127 Shares of OptimumBank Holdings, Inc. $OPHC

Susquehanna International Group LLP cut its holdings in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) by 54.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,631 shares of the bank’s stock after selling 65,127 shares during the quarter. Susquehanna International Group LLP owned approximately 0.43% of OptimumBank worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Globeflex Capital L P purchased a new stake in shares of OptimumBank during the 1st quarter valued at approximately $62,000. Brown Advisory Inc. purchased a new position in OptimumBank in the 2nd quarter valued at approximately $89,000. Goldman Sachs Group Inc. raised its holdings in OptimumBank by 24.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock valued at $118,000 after acquiring an additional 5,720 shares during the period. BlackRock Inc. purchased a new stake in shares of OptimumBank during the second quarter worth $219,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of 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 acquiring an additional 15,500 shares during the period. Institutional investors own 7.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OPHC. Zacks Research raised OptimumBank from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Alliance Global Partners reaffirmed a “buy” rating on shares of OptimumBank in a report on Friday, August 14th. Finally, Compass Point upgraded OptimumBank from a “neutral” rating to a “buy” rating and upped their price target for the company from $6.00 to $6.50 in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat, OptimumBank presently has a consensus rating of “Buy” and an average price target of $6.67.

OptimumBank Stock Down 0.6%

Shares of NASDAQ:OPHC opened at $8.95 on Wednesday. The firm has a fifty day moving average price of $7.49 and a two-hundred day moving average price of $6.14. The company has a market cap of $112.97 million, a price-to-earnings ratio of 6.78 and a beta of 0.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12. OptimumBank Holdings, Inc. has a one year low of $3.91 and a one year high of $10.68.

OptimumBank 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.