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

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

OptimumBank Trading Down 0.7 %

NASDAQ:OPHC opened at $4.22 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. OptimumBank has a 1-year low of $4.00 and a 1-year high of $5.90. The firm has a market capitalization of $49.59 million, a price-to-earnings ratio of 3.20 and a beta of 0.36. The business’s 50-day moving average price is $4.51 and its two-hundred day moving average price is $4.66.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Fourthstone LLC acquired a new stake in OptimumBank in the third quarter worth $323,000. Alliancebernstein L.P. raised its stake in OptimumBank by 20.7% during the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock worth $1,717,000 after buying an additional 61,971 shares during the period. Geode Capital Management LLC raised its stake in OptimumBank by 59.0% during the 3rd quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock worth $372,000 after buying an additional 30,202 shares during the period. Renaissance Technologies LLC lifted its holdings in OptimumBank by 17.1% during the fourth quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock worth $650,000 after acquiring an additional 19,971 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in OptimumBank by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock valued at $315,000 after acquiring an additional 2,611 shares during the period. Institutional investors and hedge funds 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.