OptimumBank (NASDAQ:OPHC) Now Covered by StockNews.com

Research analysts at StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC) in a report issued on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Stock Performance

NASDAQ:OPHC opened at $4.59 on Tuesday. The company has a market cap of $46.31 million, a P/E ratio of 3.48 and a beta of 0.37. OptimumBank has a twelve month low of $3.89 and a twelve month high of $5.90. The company’s 50-day moving average price is $4.73 and its 200-day moving average price is $4.70. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On OptimumBank

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OPHC. Dimensional Fund Advisors LP raised its holdings in shares of OptimumBank by 52.2% during the 2nd 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. Fourthstone LLC purchased a new stake in shares of OptimumBank in the third quarter valued at about $323,000. Finally, Geode Capital Management LLC raised its stake 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 purchasing an additional 30,202 shares during the period. Institutional investors and hedge funds 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.