OptimumBank (OPHC) Projected to Post Earnings on Thursday

OptimumBank (NASDAQ:OPHC) is expected to be issuing its results before the market opens on Thursday, November 5th. Analysts expect OptimumBank to post earnings of $0.27 per share and revenue of $17.65 million for the quarter.

OptimumBank Price Performance

Shares of NASDAQ OPHC opened at $9.17 on Thursday. The business’s 50 day moving average price is $8.98 and its 200 day moving average price is $6.56. The firm has a market cap of $115.74 million, a P/E ratio of 6.95 and a beta of 0.31. OptimumBank has a 52 week low of $3.92 and a 52 week high of $10.68. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43.

Analyst Ratings Changes

A number of research firms have issued reports on OPHC. Zacks Research raised shares of OptimumBank from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Alliance Global Partners reaffirmed a “buy” rating on shares of OptimumBank in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, OptimumBank currently has a consensus rating of “Buy” and a consensus target price of $6.67.

About OptimumBank

OptimumBank is a community bank headquartered in Fort Lauderdale, Florida. Through its banking operations, the company provides financial products and services to individuals, businesses and professional customers in South Florida.

The bank’s offerings include deposit accounts, checking and savings products, certificates of deposit, online banking and other traditional consumer banking services. Its lending activities include commercial real estate loans, business financing, residential real estate loans and consumer loans.

OptimumBank was established in 2000 and has focused on serving the South Florida market through relationship-based banking.