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

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

OptimumBank Trading Up 4.3 %

NASDAQ OPHC opened at $4.40 on Friday. The stock’s 50-day simple moving average is $4.51 and its two-hundred day simple moving average is $4.66. OptimumBank has a twelve month low of $4.00 and a twelve 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 company has a market capitalization of $51.70 million, a price-to-earnings ratio of 3.33 and a beta of 0.36.

Institutional Investors Weigh In On OptimumBank

A number of large investors have recently added to or reduced their stakes in OPHC. Dimensional Fund Advisors LP grew its stake in shares of OptimumBank by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock valued at $315,000 after buying an additional 2,611 shares during the last quarter. Fourthstone LLC bought a new position in shares of OptimumBank during the third quarter valued at about $323,000. Geode Capital Management LLC grew its stake in shares of 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 buying an additional 30,202 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of OptimumBank by 17.1% during the fourth quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock valued at $650,000 after buying an additional 19,971 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of OptimumBank by 20.7% during the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock valued at $1,717,000 after buying an additional 61,971 shares during 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.