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

Investment analysts at StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note issued on Tuesday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Price Performance

OptimumBank stock opened at $4.73 on Tuesday. The company has a market cap of $47.73 million, a P/E ratio of 3.61 and a beta of 0.36. OptimumBank has a one year low of $3.28 and a one year high of $5.90. The business has a fifty day moving average of $4.73 and a two-hundred day moving average of $4.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12.

Institutional Investors Weigh In On OptimumBank

Several hedge funds have recently modified their holdings of OPHC. Dimensional Fund Advisors LP increased its stake in OptimumBank by 52.2% in the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after purchasing an additional 8,960 shares during the last quarter. Renaissance Technologies LLC boosted its stake in OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after buying an additional 9,228 shares during the last quarter. Fourthstone LLC purchased a new stake in OptimumBank in the 3rd quarter valued at about $323,000. Finally, Geode Capital Management LLC increased its stake in shares of OptimumBank by 59.0% during the 3rd quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock valued at $372,000 after acquiring an additional 30,202 shares during the last quarter. 7.43% of the stock is owned by institutional investors and hedge funds.

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.