OptimumBank (NASDAQ:OPHC) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Price Performance

OptimumBank stock opened at $4.76 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. OptimumBank has a 52 week low of $3.27 and a 52 week high of $5.90. The stock has a market capitalization of $48.03 million, a P/E ratio of 3.64 and a beta of 0.36. The stock has a fifty day moving average of $4.72 and a 200-day moving average of $4.56.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fourthstone LLC acquired a new position in OptimumBank during the 3rd quarter worth approximately $323,000. Geode Capital Management LLC grew 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 worth $372,000 after buying an additional 30,202 shares during the last quarter. Renaissance Technologies LLC grew 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 worth $225,000 after buying an additional 9,228 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased 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 buying an additional 8,960 shares in the last quarter. Institutional investors own 7.43% of the company’s stock.

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.