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

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a report released on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Stock Performance

Shares of OptimumBank stock opened at $4.73 on Tuesday. The stock has a market capitalization of $47.73 million, a price-to-earnings ratio of 3.61 and a beta of 0.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50-day moving average of $4.73 and a 200 day moving average of $4.56. OptimumBank has a 12 month low of $3.28 and a 12 month high of $5.90.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased 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 acquiring an additional 8,960 shares during the period. Renaissance Technologies LLC grew its position in OptimumBank by 21.4% during the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after purchasing an additional 9,228 shares during the last quarter. Fourthstone LLC acquired a new position in OptimumBank in the third quarter valued at $323,000. Finally, Geode Capital Management LLC raised its holdings 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 buying an additional 30,202 shares during the last quarter. 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.