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

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

OptimumBank Price Performance

OptimumBank stock opened at $4.54 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.20 and a current ratio of 1.20. OptimumBank has a 52 week low of $3.33 and a 52 week high of $5.38. The stock has a market capitalization of $30.74 million, a P/E ratio of 2.87 and a beta of 0.81. The stock has a fifty day moving average of $4.29 and a 200-day moving average of $4.12.

Hedge Funds Weigh In On OptimumBank

An institutional investor recently raised its position in OptimumBank stock. Warberg Asset Management LLC boosted its position in OptimumBank Holdings, Inc. (NASDAQ:OPHCGet Rating) by 676.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,850 shares of the bank’s stock after purchasing an additional 115,736 shares during the period. Warberg Asset Management LLC owned 2.71% of OptimumBank worth $559,000 at the end of the most recent quarter. 6.86% of the stock is owned by institutional investors and hedge funds.

OptimumBank Company Profile

(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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