Stock analysts at StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC – Get Free Report) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the bank’s stock.
OptimumBank Price Performance
Shares of OPHC opened at $4.76 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $48.03 million, a PE ratio of 3.61 and a beta of 0.37. OptimumBank has a twelve month low of $3.89 and a twelve month high of $5.90. The firm’s 50 day moving average price is $4.89 and its 200 day moving average price is $4.65.
Institutional Trading of OptimumBank
A number of institutional investors and hedge funds have recently made changes to their positions in OPHC. Dimensional Fund Advisors LP increased its holdings in shares of OptimumBank by 52.2% during 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 last quarter. Renaissance Technologies LLC lifted its holdings in OptimumBank by 21.4% in 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 bought a new stake in OptimumBank during the third quarter worth approximately $323,000. Finally, Geode Capital Management LLC grew its holdings in 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 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.
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