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

OptimumBank Holdings, Inc. (NASDAQ:OPHC) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 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 changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on OPHC shares. Alliance Global Partners began coverage on shares of OptimumBank in a research report on Tuesday, April 7th. They set a “buy” rating and a $6.50 price target on the stock. Zacks Research upgraded shares of OptimumBank to a “hold” rating in a report on Tuesday, April 21st. Brean Capital initiated coverage on shares of OptimumBank in a research note on Monday, April 20th. They set a “buy” rating and a $7.00 price objective on the stock. Finally, Compass Point raised OptimumBank from a “neutral” rating to a “buy” rating and boosted their target price for the stock 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 issued a Hold rating to the company. According to MarketBeat.com, OptimumBank presently has a consensus rating of “Moderate Buy” and an average target price of $6.67.

OptimumBank Price Performance

The company has a 50 day moving average of $5.57 and a two-hundred day moving average of $5.15. The firm has a market cap of $71.65 million, a P/E ratio of 4.42 and a beta of 0.33. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43.

Institutional Trading of OptimumBank

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Globeflex Capital L P bought a new stake in OptimumBank during the first quarter worth approximately $62,000. Brown Advisory Inc. bought a new position in shares of OptimumBank in the second quarter valued at $89,000. Goldman Sachs Group Inc. lifted its position 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 acquiring an additional 5,720 shares during the last quarter. Susquehanna International Group LLP lifted its position in shares of 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 lifted its position in shares of 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 currently owned by institutional investors.

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.