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

Equities research analysts at StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a report issued on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Stock Performance

NASDAQ:OPHC opened at $4.25 on Wednesday. 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 stock has a market capitalization of $49.94 million, a P/E ratio of 3.22 and a beta of 0.37. The company has a 50 day moving average price of $4.62 and a 200 day moving average price of $4.70. OptimumBank has a fifty-two week low of $4.00 and a fifty-two week high of $5.90.

Institutional Investors Weigh In On OptimumBank

Several institutional investors have recently modified their holdings of OPHC. Dimensional Fund Advisors LP raised its stake in OptimumBank by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock worth $315,000 after acquiring an additional 2,611 shares in the last quarter. Fourthstone LLC acquired a new position in OptimumBank in the third quarter valued at $323,000. Geode Capital Management LLC increased its stake in OptimumBank by 59.0% in 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. Renaissance Technologies LLC increased its stake in OptimumBank by 17.1% in the fourth quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock valued at $650,000 after purchasing an additional 19,971 shares during the period. Finally, Alliancebernstein L.P. increased its stake in OptimumBank by 20.7% in the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock valued at $1,717,000 after purchasing an additional 61,971 shares during the period. 7.43% of the stock is owned by hedge funds and other institutional investors.

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.