OptimumBank (NASDAQ:OPHC) Shares Pass Below 200-Day Moving Average – Here’s What Happened

OptimumBank Holdings, Inc. (NASDAQ:OPHC) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.27 and traded as low as $4.25. OptimumBank shares last traded at $4.28, with a volume of 13,957 shares traded.

OptimumBank Stock Up 0.5%

The stock has a market capitalization of $49.60 million, a P/E ratio of 3.26 and a beta of 0.29. 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’s fifty day moving average is $4.11 and its 200-day moving average is $4.27.

Insider Buying and Selling

In related news, Director Michael Blisko sold 7,600 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $4.09, for a total transaction of $31,084.00. Following the completion of the sale, the director directly owned 604,645 shares of the company’s stock, valued at $2,472,998.05. This trade represents a 1.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On OptimumBank

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in OptimumBank by 24.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock worth $118,000 after acquiring an additional 5,720 shares during the last quarter. Arcus Capital Partners LLC acquired a new position in shares of OptimumBank during the third quarter worth approximately $47,000. Brown Advisory Inc. bought a new stake in shares of OptimumBank during the second quarter valued at approximately $89,000. Susquehanna International Group LLP increased its holdings in shares of OptimumBank by 112.2% in the third quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock valued at $190,000 after purchasing an additional 24,569 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of OptimumBank by 22.0% in the third quarter. Vanguard Group Inc. now owns 385,823 shares of the bank’s stock valued at $1,582,000 after purchasing an additional 69,532 shares in the last quarter. Institutional investors and hedge funds own 7.43% of the company’s stock.

OptimumBank Company Profile

OptimumBank, Inc (NASDAQ:OPHC) is a Texas-chartered commercial bank holding company headquartered in Dallas, Texas, with community banking operations primarily in Texas and South Florida. Founded in 2005, OptimumBank delivers a full suite of deposit and lending products designed to meet the needs of small-to-medium sized businesses, real estate developers, and individual consumers. Through its network of full-service branches and digital platforms, the bank focuses on relationship-driven banking and personalized service.

On the lending side, OptimumBank offers commercial real estate financing, including construction loans, permanent mortgage loans, and land acquisition facilities.