OptimumBank (NASDAQ:OPHC) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a report issued on Monday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Stock Up 1.2 %

OPHC stock opened at $5.14 on Monday. OptimumBank has a twelve month low of $3.17 and a twelve month high of $5.90. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $51.86 million, a P/E ratio of 4.36 and a beta of 0.36. The firm has a 50 day simple moving average of $4.68 and a 200-day simple moving average of $4.53.

Hedge Funds Weigh In On OptimumBank

A number of hedge funds have recently added to or reduced their stakes in OPHC. Dimensional Fund Advisors LP boosted its holdings in OptimumBank by 52.2% in the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after purchasing an additional 8,960 shares during the period. Renaissance Technologies LLC lifted its stake in OptimumBank by 21.4% in the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after buying an additional 9,228 shares during the last quarter. Fourthstone LLC bought a new stake in OptimumBank in the third quarter valued at $323,000. Geode Capital Management LLC lifted its stake in OptimumBank by 59.0% in the third quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock valued at $372,000 after buying an additional 30,202 shares during the last quarter. Finally, EJF Capital LLC bought a new stake in OptimumBank in the first quarter valued at $1,100,000. Institutional investors and hedge funds own 7.43% of the company’s stock.

OptimumBank Company Profile

OptimumBank Holdings, Inc operates as the bank holding company for OptimumBank that provides various consumer and commercial banking services to individuals and businesses. It accepts demand interest-bearing and noninterest-bearing, savings, money market, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.