Stock analysts at Compass Point initiated coverage on shares of OptimumBank (NASDAQ:OPHC – Get Free Report) in a research report issued on Thursday, Briefing.com reports. The brokerage set a “neutral” rating and a $5.25 price target on the bank’s stock. Compass Point’s target price indicates a potential upside of 20.97% from the company’s previous close.
Separately, StockNews.com assumed coverage on shares of OptimumBank in a report on Saturday, May 18th. They issued a “hold” rating on the stock.
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OptimumBank Price Performance
OptimumBank (NASDAQ:OPHC – Get Free Report) last issued its quarterly earnings data on Friday, March 8th. The bank reported $0.35 EPS for the quarter. The firm had revenue of $8.19 million for 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 bought a new stake in shares of 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 fund bought 256,410 shares of the bank’s stock, valued at approximately $1,100,000. EJF Capital LLC owned about 2.66% of OptimumBank at the end of the most recent reporting period. 7.43% of the stock is currently owned by hedge funds and other institutional investors.
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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