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

StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC – Get Rating) in a research note issued on Sunday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Price Performance

Shares of NASDAQ OPHC opened at $2.96 on Friday. The stock’s 50-day simple moving average is $3.01 and its 200-day simple moving average is $3.55. The firm has a market capitalization of $21.46 million, a PE ratio of 4.42 and a beta of 0.48. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.11 and a current ratio of 1.11. OptimumBank has a fifty-two week low of $2.77 and a fifty-two week high of $4.80.

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OptimumBank (NASDAQ:OPHC – Get Rating) last released its quarterly earnings results on Thursday, May 11th. The bank reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $5.79 million for the quarter. OptimumBank had a return on equity of 7.62% and a net margin of 16.02%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in OptimumBank stock. Morgan Stanley raised its stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC – Get Rating) by 1,250,000.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,008 shares of the bank’s stock after purchasing an additional 100,000 shares during the quarter. Morgan Stanley owned 1.48% of OptimumBank worth $409,000 at the end of the most recent reporting period. Institutional investors own 4.15% of the company’s stock.

OptimumBank Company Profile

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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.

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