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

OptimumBank Holdings, Inc. (NASDAQ:OPHC) 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.

Analysts Set New Price Targets

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

OptimumBank Trading Down 0.2%

The business’s 50-day moving average price is $5.63 and its 200-day moving average price is $5.23. The firm has a market capitalization of $73.24 million, a PE ratio of 4.52 and a beta of 0.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Globeflex Capital L P purchased a new stake in shares of OptimumBank in the first quarter valued at about $62,000. Brown Advisory Inc. purchased a new position in shares of OptimumBank during the second quarter worth about $89,000. Goldman Sachs Group Inc. grew 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 buying an additional 5,720 shares during the last quarter. Susquehanna International Group LLP grew its holdings in shares of OptimumBank by 112.2% during the third quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock worth $190,000 after buying an additional 24,569 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in OptimumBank by 16.4% in 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 period. 7.43% of the stock is currently owned by institutional investors and hedge funds.

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.