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

OptimumBank Holdings, Inc. (NASDAQ:OPHC) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.41 and traded as high as $5.51. OptimumBank shares last traded at $5.45, with a volume of 12,783 shares changing hands.

Wall Street Analysts Forecast Growth

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

OptimumBank Price Performance

The stock has a 50-day simple moving average of $5.41 and a 200 day simple moving average of $4.94. 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 company has a market cap of $66.86 million, a P/E ratio of 4.13 and a beta of 0.33.

Hedge Funds Weigh In On OptimumBank

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. raised its position in OptimumBank by 22.0% in the 3rd quarter. Alliancebernstein L.P. now owns 652,860 shares of the bank’s stock valued at $2,677,000 after purchasing an additional 117,841 shares during the last quarter. Vanguard Group Inc. raised its position in OptimumBank by 22.0% in the 3rd quarter. Vanguard Group Inc. now owns 385,823 shares of the bank’s stock valued at $1,582,000 after purchasing an additional 69,532 shares during the last quarter. Susquehanna International Group LLP raised its position in OptimumBank by 112.2% in the 3rd 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 during the last quarter. Brown Advisory Inc. bought a new position in OptimumBank in the 2nd quarter valued at $89,000. Finally, Renaissance Technologies LLC raised 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 purchasing an additional 15,500 shares during the last quarter. Institutional investors own 7.43% of the company’s stock.

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.