StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a research note released on Friday morning. The firm issued a hold rating on the bank’s stock.
OptimumBank Trading Down 0.2 %
Shares of OptimumBank stock opened at $4.71 on Friday. OptimumBank has a 12-month low of $3.89 and a 12-month high of $5.90. 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 business’s 50 day moving average is $4.85 and its 200-day moving average is $4.63. The stock has a market cap of $47.52 million, a P/E ratio of 3.57 and a beta of 0.36.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of OPHC. Fourthstone LLC bought a new stake in shares of OptimumBank in the 3rd quarter valued at about $323,000. Geode Capital Management LLC increased 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 worth $372,000 after buying an additional 30,202 shares during the last quarter. Renaissance Technologies LLC raised 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 period. Finally, Dimensional Fund Advisors LP lifted its position in shares of 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 buying an additional 8,960 shares during the last quarter. Institutional investors 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.
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