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

StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHCGet Rating) in a report published on Monday morning. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Stock Performance

Shares of NASDAQ OPHC opened at $4.54 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.33. The business’s 50 day moving average is $4.29 and its two-hundred day moving average is $4.12. The company has a market cap of $30.74 million, a P/E ratio of 2.87 and a beta of 0.81. OptimumBank has a 12 month low of $3.33 and a 12 month high of $5.38.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in OptimumBank stock. BHZ Capital Management LP increased its position in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHCGet Rating) by 210.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,673 shares of the bank’s stock after purchasing an additional 30,278 shares during the period. BHZ Capital Management LP owned about 0.91% of OptimumBank worth $188,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.86% of the company’s stock.

About OptimumBank

(Get Rating)

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; and offers residential and commercial real estate, multi-family real estate, commercial, land and construction, and consumer loans, as well as lending lines for working capital needs.

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