OptimumBank (NASDAQ:OPHC) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report issued on Tuesday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Stock Up 4.2 %

Shares of OptimumBank stock opened at $4.18 on Tuesday. OptimumBank has a 1 year low of $2.77 and a 1 year high of $4.91. The stock has a 50-day moving average price of $4.24 and a 200 day moving average price of $3.91. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.08. The company has a market cap of $32.90 million, a P/E ratio of 4.80 and a beta of 0.30.

OptimumBank (NASDAQ:OPHC) last posted its quarterly earnings results 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

A number of hedge funds and other institutional investors have recently made changes to their positions in OPHC. Vanguard Group Inc. increased its holdings in shares of OptimumBank by 14.4% during the 4th quarter. Vanguard Group Inc. now owns 112,711 shares of the bank’s stock valued at $471,000 after acquiring an additional 14,222 shares during the last quarter. Warberg Asset Management LLC acquired a new position in shares of OptimumBank during the 3rd quarter valued at about $65,000. Finally, Morgan Stanley increased its holdings in shares of OptimumBank by 1,250,000.0% during the 4th quarter. Morgan Stanley now owns 100,008 shares of the bank’s stock valued at $409,000 after acquiring an additional 100,000 shares during the last quarter. 7.43% of the stock is owned by hedge funds and other institutional investors.

About OptimumBank

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.