StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a report published on Thursday. The brokerage issued a hold rating on the bank’s stock.
Separately, Compass Point began coverage on shares of OptimumBank in a report on Thursday, May 23rd. They set a neutral rating and a $5.25 price objective for the company.
Get Our Latest Stock Report on OptimumBank
OptimumBank Stock Performance
OptimumBank (NASDAQ:OPHC – Get Free Report) last posted its quarterly earnings results on Monday, May 13th. The bank reported $0.31 earnings per share for the quarter. The business had revenue of $8.99 million during the quarter. OptimumBank had a net margin of 16.43% and a return on equity of 10.53%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in OptimumBank stock. EJF Capital LLC purchased a new stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 256,410 shares of the bank’s stock, valued at approximately $1,100,000. EJF Capital LLC owned 2.66% 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.
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