OptimumBank (NASDAQ:OPHC) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report issued on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Stock Down 0.9 %

Shares of NASDAQ:OPHC opened at $4.45 on Tuesday. The firm has a fifty day moving average price of $4.66 and a two-hundred day moving average price of $4.71. The company has a market cap of $44.90 million, a price-to-earnings ratio of 3.37 and a beta of 0.37. 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 one year low of $4.00 and a one year high of $5.90.

Hedge Funds Weigh In On OptimumBank

A number of institutional investors have recently added to or reduced their stakes in the business. Fourthstone LLC bought a new stake in shares of OptimumBank during the 3rd quarter valued at about $323,000. Geode Capital Management LLC raised its stake in 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 in the last quarter. Alliancebernstein L.P. lifted its position in OptimumBank by 20.7% during the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock valued at $1,717,000 after purchasing an additional 61,971 shares during the last quarter. 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 worth $650,000 after buying an additional 19,971 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of OptimumBank by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock worth $315,000 after buying an additional 2,611 shares during the last quarter. 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.