OptimumBank (NASDAQ:OPHC) Earns Hold Rating from Analysts at StockNews.com

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

OptimumBank Stock Down 0.4 %

OPHC stock opened at $4.74 on Friday. OptimumBank has a twelve month low of $3.89 and a twelve month high of $5.90. The company has a market cap of $47.83 million, a price-to-earnings ratio of 3.59 and a beta of 0.37. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $4.89 and a two-hundred day moving average price of $4.65.

Institutional Trading of OptimumBank

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position 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 lifted its stake in OptimumBank by 21.4% in the 2nd 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 last quarter. Fourthstone LLC bought a new position in OptimumBank during the third quarter worth about $323,000. Finally, Geode Capital Management LLC increased its position in OptimumBank by 59.0% during the third quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock worth $372,000 after buying an additional 30,202 shares during the last quarter. 7.43% of the stock is owned by institutional investors.

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.