OptimumBank (NASDAQ:OPHC) Research Coverage Started at StockNews.com

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

OptimumBank Price Performance

Shares of NASDAQ OPHC opened at $4.21 on Tuesday. The stock has a market capitalization of $33.12 million, a price-to-earnings ratio of 4.84 and a beta of 0.30. The business has a 50-day moving average of $4.25 and a 200-day moving average of $3.92. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 1.17. OptimumBank has a fifty-two week low of $2.77 and a fifty-two week high of $4.91.

OptimumBank (NASDAQ:OPHC) last announced its quarterly earnings data on Friday, March 8th. The bank reported $0.35 earnings per share 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 during the quarter.

Institutional Investors Weigh In On OptimumBank

Hedge funds have recently bought and sold shares of the company. Warberg Asset Management LLC acquired a new stake in OptimumBank in the 3rd quarter valued at about $65,000. Vanguard Group Inc. lifted its stake in OptimumBank by 86.0% in the 3rd quarter. Vanguard Group Inc. now owns 98,489 shares of the bank’s stock valued at $313,000 after purchasing an additional 45,544 shares during the last quarter. Finally, Morgan Stanley lifted its stake in OptimumBank by 1,250,000.0% in the 4th quarter. Morgan Stanley now owns 100,008 shares of the bank’s stock valued at $409,000 after purchasing an additional 100,000 shares during the last quarter. 7.43% of the stock is currently owned by institutional investors and hedge funds.

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, NOW, and time deposit accounts, as well as certificates of deposit.