Brean Capital analyst Christopher Marinac initiated coverage of OptimumBank (OPHC) with a Buy rating and $8 price target The company has fully-diluted tangible book value at $5.18 per share, notes the analyst, who sees TBV rising over 12% per year the next two years. The firm sees existing 11% tangible capital plus retained earnings supporting more than 15% annual balance sheet growth for OptimumBank in Fort Lauderdale, the analyst added.
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