ValuEngine Upgrades OptimumBank (NASDAQ:OPHC) to Buy

OptimumBank (NASDAQ:OPHC) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, ValuEngine reports.

Shares of OPHC traded down $1.18 during mid-day trading on Friday, hitting $2.12. 2,200 shares of the company’s stock were exchanged, compared to its average volume of 3,755. The company has a market cap of $4.09 million, a PE ratio of 4.69 and a beta of 1.27. OptimumBank has a 52 week low of $2.12 and a 52 week high of $5.94. The company has a 50-day simple moving average of $3.37 and a 200 day simple moving average of $3.70. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.14 and a quick ratio of 1.14.

OptimumBank (NASDAQ:OPHC) last issued its quarterly earnings results on Tuesday, May 14th. The bank reported ($0.08) earnings per share for the quarter. The business had revenue of $0.79 million for the quarter. OptimumBank had a return on equity of 17.53% and a net margin of 20.37%.

An institutional investor recently bought a new position in OptimumBank stock. Citadel Advisors LLC bought a new stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,324 shares of the bank’s stock, valued at approximately $47,000. Citadel Advisors LLC owned approximately 0.69% of OptimumBank at the end of the most recent quarter. Hedge funds and other institutional investors own 0.11% of the company’s stock.

About OptimumBank

OptimumBank Holdings, Inc operates as the bank holding company for OptimumBank that provides a range of consumer and commercial banking services to individuals and businesses. The company 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, commercial, and consumer loans, as well as lending lines for working capital needs.

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