StockNews.com Begins Coverage on OptimumBank (NASDAQ:OPHC)

Analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report issued on Thursday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Trading Up 1.9 %

NASDAQ:OPHC opened at $4.32 on Thursday. The company has a market capitalization of $50.76 million, a PE ratio of 3.27 and a beta of 0.36. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. OptimumBank has a 52-week low of $4.00 and a 52-week high of $5.90. The stock has a fifty day simple moving average of $4.57 and a 200-day simple moving average of $4.68.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of 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 buying an additional 2,611 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of OptimumBank by 17.1% during the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock worth $650,000 after buying an additional 19,971 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of OptimumBank by 59.0% during the 3rd 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. Alliancebernstein L.P. increased its position in OptimumBank by 20.7% during the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock worth $1,717,000 after purchasing an additional 61,971 shares in the last quarter. Finally, Fourthstone LLC purchased a new stake in OptimumBank during the 3rd quarter worth about $323,000. Institutional investors and hedge funds 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.