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

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

OptimumBank Price Performance

Shares of OPHC opened at $4.85 on Tuesday. OptimumBank has a 52 week low of $3.27 and a 52 week high of $5.90. 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 firm has a market cap of $48.94 million, a price-to-earnings ratio of 3.67 and a beta of 0.36. The stock has a 50 day moving average of $4.72 and a 200-day moving average of $4.56.

Institutional Trading of OptimumBank

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings 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 buying an additional 8,960 shares during the period. Renaissance Technologies LLC lifted its holdings in OptimumBank by 21.4% in the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after acquiring an additional 9,228 shares during the last quarter. Fourthstone LLC acquired a new position in OptimumBank in the third quarter valued at approximately $323,000. Finally, Geode Capital Management LLC grew its holdings in shares of OptimumBank by 59.0% during 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 last quarter. 7.43% of the stock is owned by institutional investors and hedge funds.

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.