StockNews.com Initiates Coverage on OptimumBank (NASDAQ:OPHC)

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note released on Thursday morning. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Trading Up 3.0 %

Shares of OPHC stock traded up $0.13 during mid-day trading on Thursday, hitting $4.44. The company’s stock had a trading volume of 426 shares, compared to its average volume of 7,935. OptimumBank has a 52 week low of $2.77 and a 52 week high of $4.91. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.17 and a current ratio of 1.17. The company’s fifty day simple moving average is $4.27 and its 200-day simple moving average is $4.00. The company has a market cap of $42.73 million, a PE ratio of 5.10 and a beta of 0.30.

OptimumBank (NASDAQ:OPHC) last issued its quarterly earnings results on Friday, March 8th. The bank reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $8.19 million for the quarter. OptimumBank had a return on equity of 9.41% and a net margin of 16.01%.

Institutional Investors Weigh In On OptimumBank

An institutional investor recently bought a new position in OptimumBank stock. Warberg Asset Management LLC acquired a new stake in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,500 shares of the bank’s stock, valued at approximately $65,000. Warberg Asset Management LLC owned approximately 0.28% of OptimumBank as of its most recent SEC filing. 7.43% of the stock is owned by institutional investors and hedge funds.

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, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.