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

Analysts at StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC – Get Free Report) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Trading Up 3.4 %

OptimumBank stock opened at $3.00 on Wednesday. The stock has a market cap of $21.75 million, a PE ratio of 4.48 and a beta of 0.47. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $2.94 and a 200 day moving average price of $3.41. OptimumBank has a 52 week low of $2.77 and a 52 week high of $4.80.

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

Institutional Investors Weigh In On OptimumBank

A hedge fund recently bought a new stake in OptimumBank stock. Susquehanna International Group LLP purchased a new stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,508 shares of the bank’s stock, valued at approximately $55,000. Susquehanna International Group LLP owned 0.20% of OptimumBank at the end of the most recent reporting period. 4.15% of the stock is currently owned by hedge funds and other institutional investors.

About OptimumBank

(Get Free Report)

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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