Susquehanna International Group LLP Lowers Stock Position in OptimumBank Holdings, Inc. $OPHC

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

Several other hedge funds have also bought and sold shares of OPHC. Goldman Sachs Group Inc. grew its stake in OptimumBank by 24.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock worth $118,000 after buying an additional 5,720 shares in the last quarter. Brown Advisory Inc. purchased a new stake in shares of OptimumBank during the 2nd quarter valued at $89,000. Vanguard Group Inc. raised its position in shares of OptimumBank by 22.0% during the 3rd quarter. Vanguard Group Inc. now owns 385,823 shares of the bank’s stock valued at $1,582,000 after buying an additional 69,532 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of 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 acquiring an additional 117,841 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of OptimumBank by 16.4% during the 4th 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 last quarter. 7.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

OptimumBank Trading Down 0.6%

OPHC stock opened at $8.95 on Wednesday. The company has a market capitalization of $112.97 million, a PE ratio of 6.78 and a beta of 0.22. OptimumBank Holdings, Inc. has a one year low of $3.91 and a one year high of $10.68. The company’s 50 day moving average price is $7.49 and its two-hundred day moving average price is $6.14. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12.

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.