OptimumBank (NASDAQ:OPHC) Shares Pass Above 50 Day Moving Average - Here's Why

Key Points

• Shares passed above their 50‑day moving average: OPHC rose above its 50‑day MA of $4.87, trading as high as $5.09 and last at $4.98 on volume of 9,653 shares.
• Insider sale disclosed: Director Timothy Terry sold 39,304 shares at an average price of $4.73 (about $185,908); insiders collectively own 13.91% of the stock.
• Valuation and institutional interest: The bank has a market cap of $60.59M and a low P/E of 3.77 with debt/equity of 0.43, while institutional ownership is relatively small at 7.43% despite recent increases by firms like Fourthstone, AllianceBernstein and Vanguard.

OptimumBank Holdings, Inc. (NASDAQ:OPHC - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.87 and traded as high as $5.09. OptimumBank shares last traded at $4.98, with a volume of 9,653 shares traded.

OptimumBank Stock Performance

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $60.59 million, a PE ratio of 3.77 and a beta of 0.27. The firm's fifty day moving average price is $4.87 and its two-hundred day moving average price is $4.41.

Insiders Place Their Bets

In other OptimumBank news, insider Timothy Terry sold 39,304 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $4.73, for a total value of $185,907.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.91% of the company's stock.

Institutional Investors Weigh In On OptimumBank

Institutional investors have recently modified their holdings of the business. Fourthstone LLC boosted its position in OptimumBank by 44.6% during the second quarter. Fourthstone LLC now owns 500,853 shares of the bank's stock worth $2,239,000 after purchasing an additional 154,399 shares in the last quarter. Alliancebernstein L.P. grew its holdings in OptimumBank by 22.0% in the third 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 period. Vanguard Group Inc. increased its position in shares of OptimumBank by 22.0% in the third quarter. Vanguard Group Inc. now owns 385,823 shares of the bank's stock valued at $1,582,000 after buying an additional 69,532 shares in the last quarter. Susquehanna International Group LLP increased its position in shares of 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 buying an additional 24,569 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in shares of OptimumBank during the 2nd quarter worth approximately $89,000. 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.

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