StockNews.com Begins Coverage on OptimumBank (NASDAQ:OPHC)

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

OptimumBank Stock Down 0.6 %

Shares of OptimumBank stock opened at $5.07 on Monday. OptimumBank has a twelve month low of $3.17 and a twelve month high of $5.90. The stock has a market cap of $51.16 million, a price-to-earnings ratio of 4.30 and a beta of 0.36. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $4.70 and a 200 day moving average price of $4.54.

Institutional Investors Weigh In On OptimumBank

A number of large investors have recently modified their holdings of OPHC. Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 8,960 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of OptimumBank by 21.4% during the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after purchasing an additional 9,228 shares in the last quarter. Fourthstone LLC purchased a new position in shares of OptimumBank in the third quarter valued at $323,000. Geode Capital Management LLC boosted its stake 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. Finally, EJF Capital LLC acquired a new stake in OptimumBank during the 1st quarter valued at $1,100,000. Institutional investors and hedge funds own 7.43% of the company’s stock.

About OptimumBank

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.