OptimumBank (NASDAQ:OPHC) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note released on Wednesday. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Price Performance

OPHC stock opened at $4.25 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $33.45 million, a P/E ratio of 4.88 and a beta of 0.30. The business’s 50-day moving average is $4.26 and its two-hundred day moving average is $3.95. OptimumBank has a 1 year low of $2.77 and a 1 year high of $4.91.

OptimumBank (NASDAQ:OPHC) last posted its quarterly earnings results on Friday, March 8th. The bank reported $0.35 earnings per share (EPS) for the quarter. OptimumBank had a return on equity of 9.41% and a net margin of 16.01%. The company had revenue of $8.19 million for the quarter.

Institutional Investors Weigh In On OptimumBank

An institutional investor recently bought a new position in OptimumBank stock. Warberg Asset Management LLC purchased a new position in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,500 shares of the bank’s stock, valued at approximately $65,000. Warberg Asset Management LLC owned 0.28% of OptimumBank as of its most recent SEC filing. Hedge funds and other institutional investors own 7.43% of the company’s stock.

OptimumBank Company Profile

OptimumBank Holdings, Inc operates as the bank holding company for OptimumBank that provides various consumer and commercial banking services to individuals and businesses. It accepts demand interest-bearing and noninterest-bearing, savings, money market, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.