OptimumBank (NASDAQ:OPHC) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.41 and traded as high as $5.51. OptimumBank shares last traded at $5.45, with a volume of 12,783 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OPHC. Compass Point upgraded shares of OptimumBank from a “neutral” rating to a “buy” rating and lifted their price target for the company from $6.00 to $6.50 in a report on Wednesday, May 13th. Brean Capital started coverage on OptimumBank in a research report on Monday, April 20th. They issued a “buy” rating and a $7.00 target price on the stock. Zacks Research upgraded OptimumBank to a “hold” rating in a report on Tuesday, April 21st. Finally, Alliance Global Partners started coverage on OptimumBank in a research report on Tuesday, April 7th. They set a “buy” rating and a $6.50 price target for the company. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.67.

OptimumBank Price Performance

The stock has a market cap of $67.47 million, a PE ratio of 4.17 and a beta of 0.33. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average is $5.41 and its 200 day moving average is $4.95.

Hedge Funds Weigh In On OptimumBank

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in shares of OptimumBank by 24.8% during the first quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock worth $118,000 after acquiring an additional 5,720 shares during the last quarter. Brown Advisory Inc. acquired a new stake in OptimumBank during the 2nd quarter valued at approximately $89,000. Vanguard Group Inc. grew its stake in 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 purchasing an additional 69,532 shares in the last quarter. Alliancebernstein L.P. increased its holdings in 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 purchasing an additional 117,841 shares during the last quarter. Finally, Susquehanna International Group LLP increased its holdings in OptimumBank by 112.2% during the 3rd quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock worth $190,000 after purchasing an additional 24,569 shares during the last quarter. 7.43% of the stock is owned by hedge funds and other institutional investors.

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.