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

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a report issued on Thursday. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Stock Performance

NASDAQ:OPHC opened at $4.25 on Thursday. The company has a market capitalization of $49.94 million, a P/E ratio of 3.22 and a beta of 0.31. The business has a fifty day simple moving average of $4.16 and a two-hundred day simple moving average of $4.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12. OptimumBank has a 1 year low of $3.53 and a 1 year high of $5.90.

Institutional Investors Weigh In On OptimumBank

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake 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 worth $372,000 after purchasing an additional 30,202 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in OptimumBank by 20.7% in the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock worth $1,717,000 after buying an additional 61,971 shares during the period. Renaissance Technologies LLC grew its stake in OptimumBank by 17.1% in the 4th 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in OptimumBank by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock valued at $315,000 after acquiring an additional 2,611 shares during the period. 7.43% of the stock is currently owned by institutional investors.

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.