OptimumBank (NASDAQ:OPHC – Get Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.
Several other research firms have also recently commented on OPHC. Brean Capital began coverage on shares of OptimumBank in a report on Monday, April 20th. They set a “buy” rating and a $7.00 price target for the company. Alliance Global Partners assumed coverage on shares of OptimumBank in a research note on Tuesday, April 7th. They issued a “buy” rating and a $6.50 price objective on the stock. Finally, Compass Point upgraded shares of OptimumBank from a “neutral” rating to a “buy” rating and increased their target price for the stock from $6.00 to $6.50 in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $6.67.
Read Our Latest Stock Report on OptimumBank
OptimumBank Price Performance
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in OptimumBank by 24.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock worth $118,000 after purchasing an additional 5,720 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of OptimumBank during the 1st quarter valued at about $62,000. Renaissance Technologies LLC lifted its holdings in shares of OptimumBank by 13.1% during the 1st quarter. Renaissance Technologies LLC now owns 124,600 shares of the bank’s stock valued at $635,000 after buying an additional 14,400 shares during the last quarter. Brown Advisory Inc. bought a new stake in shares of OptimumBank in the 2nd quarter valued at approximately $89,000. Finally, Susquehanna International Group LLP grew its stake in shares of OptimumBank by 112.2% in the 3rd quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock valued at $190,000 after buying an additional 24,569 shares in the last quarter. 7.43% of the stock is owned by institutional investors and hedge funds.
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.
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