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

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

OptimumBank Trading Up 1.2 %

NASDAQ OPHC opened at $5.14 on Monday. OptimumBank has a one year low of $3.17 and a one year high of $5.90. The company’s 50 day moving average price is $4.68 and its 200 day moving average price is $4.53. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.13 and a current ratio of 1.12. The firm has a market capitalization of $51.86 million, a price-to-earnings ratio of 4.36 and a beta of 0.36.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake 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 valued at $112,000 after purchasing an additional 8,960 shares during the period. Renaissance Technologies LLC raised its stake in shares of OptimumBank by 21.4% during the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after purchasing an additional 9,228 shares during the period. Geode Capital Management LLC raised its stake 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 period. Fourthstone LLC purchased a new stake in shares of OptimumBank during the third quarter valued at approximately $323,000. Finally, EJF Capital LLC purchased a new stake in shares of OptimumBank during the first quarter valued at approximately $1,100,000. Hedge funds and other institutional investors 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.