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

Equities researchers at StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a report released on Saturday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Stock Performance

NASDAQ:OPHC opened at $4.74 on Friday. The company has a market cap of $47.83 million, a price-to-earnings ratio of 3.59 and a beta of 0.36. OptimumBank has a 1 year low of $3.89 and a 1 year high of $5.90. The stock’s 50 day simple moving average is $4.87 and its two-hundred day simple moving average is $4.64. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12.

Hedge Funds Weigh In On OptimumBank

Several institutional investors have recently bought and sold shares of the business. Fourthstone LLC purchased a new stake in shares of OptimumBank during the 3rd quarter valued at about $323,000. Geode Capital Management LLC increased 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 acquiring an additional 30,202 shares during the last quarter. Renaissance Technologies LLC raised its position in OptimumBank by 21.4% during the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after purchasing an additional 9,228 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of OptimumBank by 52.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after purchasing an additional 8,960 shares during the last quarter. Institutional investors 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.