OptimumBank (NASDAQ:OPHC) Shares Pass Above 50-Day Moving Average – Time to Sell?

OptimumBank Holdings, Inc. (NASDAQ:OPHC) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.38 and traded as high as $5.56. OptimumBank shares last traded at $5.49, with a volume of 67,391 shares changing hands.

Wall Street Analyst Weigh In

OPHC has been the subject of several research reports. Zacks Research upgraded shares of OptimumBank to a “hold” rating in a research note on Tuesday, April 21st. Brean Capital started coverage on shares of OptimumBank in a research note on Monday, April 20th. They set a “buy” rating and a $7.00 price objective for the company. Compass Point raised shares of OptimumBank from a “neutral” rating to a “buy” rating and raised their target price for the stock from $6.00 to $6.50 in a report on Wednesday, May 13th. Finally, Alliance Global Partners started coverage on shares of OptimumBank in a report on Tuesday, April 7th. They set a “buy” rating and a $6.50 target price for the company. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, OptimumBank currently has a consensus rating of “Moderate Buy” and an average target price of $6.67.

OptimumBank Trading Down 0.7%

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12. The company’s fifty day moving average is $5.38 and its 200-day moving average is $4.88. The stock has a market cap of $67.35 million, a PE ratio of 4.16 and a beta of 0.33.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its holdings in shares of OptimumBank by 24.8% during the first 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 position in shares of OptimumBank in the first quarter worth about $62,000. Renaissance Technologies LLC raised its position in shares of OptimumBank by 13.1% in the first quarter. Renaissance Technologies LLC now owns 124,600 shares of the bank’s stock worth $635,000 after acquiring an additional 14,400 shares during the period. Brown Advisory Inc. acquired a new position in shares of OptimumBank in the second quarter worth about $89,000. Finally, Susquehanna International Group LLP raised its position in shares of OptimumBank by 112.2% in the third quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock worth $190,000 after acquiring an additional 24,569 shares during the period. Hedge funds and other institutional investors own 7.43% of the company’s stock.

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.