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

StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Stock Down 0.2 %

OptimumBank stock opened at $4.59 on Tuesday. The business’s 50-day moving average price is $4.73 and its 200 day moving average price is $4.70. 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 cap of $46.31 million, a price-to-earnings ratio of 3.48 and a beta of 0.37. OptimumBank has a 52 week low of $3.89 and a 52 week high of $5.90.

Institutional Investors Weigh In On OptimumBank

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position 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 valued at $372,000 after purchasing an additional 30,202 shares during the period. Fourthstone LLC purchased a new position in OptimumBank in the 3rd quarter valued at about $323,000. Finally, Dimensional Fund Advisors LP increased its stake in OptimumBank by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after buying an additional 8,960 shares in the last quarter. 7.43% of the stock is currently owned by institutional investors and hedge funds.

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.