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

StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report report published on Wednesday morning. The firm issued a hold rating on the bank’s stock.

OptimumBank Stock Down 1.6 %

Shares of OPHC opened at $5.03 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The company has a market cap of $50.75 million, a PE ratio of 3.81 and a beta of 0.36. OptimumBank has a 52-week low of $3.42 and a 52-week high of $5.90. The business has a fifty day moving average of $4.76 and a 200 day moving average of $4.58.

Institutional Investors Weigh In On OptimumBank

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

About OptimumBank

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.