OptimumBank (NASDAQ:OPHC) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

OptimumBank Holdings, Inc. (NASDAQ:OPHC)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.61 and traded as high as $5.90. OptimumBank shares last traded at $5.83, with a volume of 31,244 shares changing hands.

Analyst Ratings Changes

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

OptimumBank Stock Up 2.6%

The business has a 50 day moving average of $5.61 and a 200-day moving average of $5.21. The stock has a market cap of $71.52 million, a PE ratio of 4.42 and a beta of 0.29. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43.

Institutional Investors Weigh In On OptimumBank

Institutional investors and hedge funds have recently made changes to their positions in the business. Globeflex Capital L P acquired a new stake in shares of OptimumBank during the first quarter worth about $62,000. Brown Advisory Inc. acquired a new position in OptimumBank in the 2nd quarter valued at about $89,000. 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 valued at $118,000 after acquiring an additional 5,720 shares during the period. Susquehanna International Group LLP raised its stake 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 during the last quarter. Finally, Renaissance Technologies LLC raised its stake 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 during the last quarter. 7.43% of the stock is owned by hedge funds and other institutional investors.

OptimumBank Company Profile

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.