OptimumBank (NASDAQ:OPHC) Coverage Initiated at StockNews.com

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

OptimumBank Trading Up 0.8 %

OptimumBank stock opened at $4.76 on Friday. OptimumBank has a 52 week low of $3.89 and a 52 week high of $5.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $48.03 million, a price-to-earnings ratio of 3.61 and a beta of 0.37. The company has a 50 day moving average price of $4.89 and a 200 day moving average price of $4.65.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of OptimumBank by 52.2% during the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after purchasing an additional 8,960 shares during the period. Renaissance Technologies LLC lifted its position in OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after buying an additional 9,228 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of OptimumBank by 59.0% during the 3rd quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock valued at $372,000 after buying an additional 30,202 shares during the period. Finally, Fourthstone LLC purchased a new position in shares of OptimumBank during the 3rd quarter valued at $323,000. 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.