OptimumBank (NASDAQ:OPHC) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

OptimumBank Holdings, Inc. (NASDAQ:OPHC)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.87 and traded as high as $5.09. OptimumBank shares last traded at $4.98, with a volume of 9,653 shares traded.

OptimumBank Trading Up 1.0%

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 firm has a market capitalization of $63.51 million, a price-to-earnings ratio of 3.95 and a beta of 0.27. The business has a 50-day moving average of $4.91 and a two-hundred day moving average of $4.42.

Insiders Place Their Bets

In related news, insider Timothy Terry sold 39,304 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $4.73, for a total value of $185,907.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 13.89% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in OptimumBank by 16.4% during the fourth quarter. Renaissance Technologies LLC now owns 110,200 shares of the bank’s stock worth $468,000 after acquiring an additional 15,500 shares in the last quarter. Susquehanna International Group LLP grew its stake in OptimumBank by 112.2% in the third quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock valued at $190,000 after purchasing an additional 24,569 shares in the last quarter. Alliancebernstein L.P. grew its stake in OptimumBank by 22.0% in the third quarter. Alliancebernstein L.P. now owns 652,860 shares of the bank’s stock valued at $2,677,000 after purchasing an additional 117,841 shares in the last quarter. Vanguard Group Inc. increased its position in shares of OptimumBank by 22.0% during the 3rd quarter. Vanguard Group Inc. now owns 385,823 shares of the bank’s stock worth $1,582,000 after purchasing an additional 69,532 shares during the last quarter. Finally, Arcus Capital Partners LLC acquired a new position in shares of OptimumBank during the 3rd quarter worth approximately $47,000. 7.43% of the stock is currently owned by institutional investors.

OptimumBank Company Profile

OptimumBank, Inc (NASDAQ:OPHC) is a Texas-chartered commercial bank holding company headquartered in Dallas, Texas, with community banking operations primarily in Texas and South Florida. Founded in 2005, OptimumBank delivers a full suite of deposit and lending products designed to meet the needs of small-to-medium sized businesses, real estate developers, and individual consumers. Through its network of full-service branches and digital platforms, the bank focuses on relationship-driven banking and personalized service.

On the lending side, OptimumBank offers commercial real estate financing, including construction loans, permanent mortgage loans, and land acquisition facilities.