StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a research note issued to investors on Sunday morning. The brokerage issued a hold rating on the bank’s stock.
OptimumBank Stock Up 0.8 %
Shares of NASDAQ OPHC opened at $4.76 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $48.03 million, a PE ratio of 3.61 and a beta of 0.37. OptimumBank has a one year low of $3.89 and a one year high of $5.90. The business’s fifty day moving average price is $4.89 and its 200-day moving average price is $4.65.
Hedge Funds Weigh In On OptimumBank
Several large investors have recently modified their holdings of OPHC. Renaissance Technologies LLC boosted its holdings 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 period. Fourthstone LLC purchased a new stake in shares of OptimumBank during the third quarter worth $323,000. Dimensional Fund Advisors LP boosted its holdings 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 worth $112,000 after acquiring an additional 8,960 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of 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 purchasing an additional 30,202 shares in the last quarter. Hedge funds and other institutional investors own 7.43% of the company’s stock.
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.
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