OptimumBank (NASDAQ:OPHC) Stock Price Breaks Below Fifty Day Moving Average – Should You Sell?

Shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $8.95 and traded as low as $8.65. OptimumBank shares last traded at $8.93, with a volume of 97,921 shares.

Analyst Ratings Changes

Several analysts have recently commented on OPHC shares. Alliance Global Partners reissued a “buy” rating on shares of OptimumBank in a research note on Friday, August 14th. Zacks Research lowered shares of OptimumBank from a “strong-buy” rating to a “hold” rating in a report on Monday, November 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, OptimumBank presently has an average rating of “Moderate Buy” and a consensus target price of $6.67.

OptimumBank Trading Down 1.3%

The company has a market cap of $112.71 million, a P/E ratio of 6.77 and a beta of 0.31. 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 business has a 50-day moving average price of $8.95 and a two-hundred day moving average price of $6.76.

Institutional Trading of OptimumBank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new stake in OptimumBank during the 2nd quarter worth about $2,521,000. BlackRock Inc. acquired a new position in OptimumBank during the 2nd quarter valued at about $219,000. Globeflex Capital L P acquired a new position in OptimumBank during the 2nd quarter valued at about $89,000. Finally, Renaissance Technologies LLC lifted its position in OptimumBank by 13.1% during the 1st quarter. Renaissance Technologies LLC now owns 124,600 shares of the bank’s stock valued at $635,000 after purchasing an additional 14,400 shares during the period. 7.43% of the stock is currently owned by institutional investors and hedge funds.

About OptimumBank

OptimumBank is a community bank headquartered in Fort Lauderdale, Florida. Through its banking operations, the company provides financial products and services to individuals, businesses and professional customers in South Florida. The bank’s offerings include deposit accounts, checking and savings products, certificates of deposit, online banking and other traditional consumer banking services. Its lending activities include commercial real estate loans, business financing, residential real estate loans and consumer loans.