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

OptimumBank Holdings, Inc. (NASDAQ:OPHC)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $5.57 and traded as high as $5.90. OptimumBank shares last traded at $5.84, with a volume of 27,423 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Zacks Research upgraded OptimumBank to a “hold” rating in a research report on Tuesday, April 21st. Brean Capital assumed coverage on OptimumBank in a research note on Monday, April 20th. They issued a “buy” rating and a $7.00 price target on the stock. Compass Point upgraded OptimumBank from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $6.00 to $6.50 in a report on Wednesday, May 13th. Finally, Alliance Global Partners assumed 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. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.67.

OptimumBank Stock Down 0.2%

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $71.65 million, a price-to-earnings ratio of 4.42 and a beta of 0.33. The business’s 50 day moving average is $5.57 and its 200 day moving average is $5.15.

Institutional Investors Weigh In On OptimumBank

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPHC. Goldman Sachs Group Inc. boosted its stake in shares of 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 buying an additional 5,720 shares during the period. Globeflex Capital L P purchased a new stake in shares of OptimumBank during the first quarter worth $62,000. Renaissance Technologies LLC boosted its position in OptimumBank by 13.1% during the first quarter. Renaissance Technologies LLC now owns 124,600 shares of the bank’s stock valued at $635,000 after purchasing an additional 14,400 shares during the last quarter. Brown Advisory Inc. acquired a new stake in OptimumBank during the second quarter valued at $89,000. Finally, Susquehanna International Group LLP grew its stake in OptimumBank by 112.2% in the third quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock valued at $190,000 after purchasing an additional 24,569 shares in the last quarter. 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.