StockNews.com Begins Coverage on OptimumBank (NASDAQ:OPHC)

Equities research analysts at StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Trading Down 0.8 %

OptimumBank stock opened at $4.92 on Thursday. OptimumBank has a one year low of $3.52 and a one year high of $5.90. The company has a market cap of $49.64 million, a price-to-earnings ratio of 3.73 and a beta of 0.36. The firm has a 50-day moving average of $4.81 and a 200-day moving average of $4.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12.

Institutional Investors Weigh In On OptimumBank

Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in OptimumBank by 59.0% in the 3rd 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 during the last quarter. Fourthstone LLC acquired a new stake in OptimumBank during the third quarter worth approximately $323,000. Renaissance Technologies LLC lifted its position in OptimumBank by 21.4% during the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after acquiring an additional 9,228 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 8,960 shares during the last quarter. 7.43% of the stock is currently 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.