OptimumBank (NASDAQ:OPHC) Research Coverage Started at Brean Capital

Brean Capital started coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report report published on Monday morning, MarketBeat reports. The firm issued a buy rating and a $7.00 target price on the bank’s stock.

Separately, Alliance Global Partners initiated coverage on shares of OptimumBank in a research note on Tuesday, April 7th. They set a “buy” rating and a $6.50 price objective for the company. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $6.75.

OptimumBank Stock Performance

Shares of NASDAQ:OPHC opened at $5.39 on Monday. The company has a market cap of $65.57 million, a price-to-earnings ratio of 4.08 and a beta of 0.28. The company has a 50-day moving average price of $5.28 and a 200-day moving average price of $4.65. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. OptimumBank has a 12 month low of $3.91 and a 12 month high of $5.59.

Insider Buying and Selling

In other OptimumBank news, insider Timothy Terry sold 39,304 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $4.73, for a total value of $185,907.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 18.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Arcus Capital Partners LLC bought a new position in OptimumBank in the 3rd quarter worth $47,000. Brown Advisory Inc. bought a new stake in OptimumBank during the 2nd quarter valued at approximately $89,000. Goldman Sachs Group Inc. boosted its position in OptimumBank by 24.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock valued at $118,000 after acquiring an additional 5,720 shares in the last quarter. Susquehanna International Group LLP boosted its position in OptimumBank by 112.2% during the 3rd quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock valued at $190,000 after acquiring an additional 24,569 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in OptimumBank by 16.4% during the 4th quarter. Renaissance Technologies LLC now owns 110,200 shares of the bank’s stock valued at $468,000 after acquiring an additional 15,500 shares in the last quarter. 7.43% of the stock is currently owned by institutional investors.

About OptimumBank

OptimumBank, Inc (NASDAQ:OPHC) is a Texas-chartered commercial bank holding company headquartered in Dallas, Texas, with community banking operations primarily in Texas and South Florida. Founded in 2005, OptimumBank delivers a full suite of deposit and lending products designed to meet the needs of small-to-medium sized businesses, real estate developers, and individual consumers. Through its network of full-service branches and digital platforms, the bank focuses on relationship-driven banking and personalized service.

On the lending side, OptimumBank offers commercial real estate financing, including construction loans, permanent mortgage loans, and land acquisition facilities.