OptimumBank (NASDAQ:OPHC) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Stock Up 0.2 %

Shares of OPHC opened at $4.17 on Friday. The stock has a market capitalization of $49.00 million, a price-to-earnings ratio of 3.16 and a beta of 0.36. OptimumBank has a 52 week low of $4.00 and a 52 week high of $5.90. 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 fifty day moving average of $4.47 and a 200-day moving average of $4.65.

Institutional Trading of OptimumBank

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position 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 buying an additional 2,611 shares during the period. Renaissance Technologies LLC grew its stake in shares of OptimumBank by 17.1% in the fourth quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock worth $650,000 after purchasing an additional 19,971 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of OptimumBank by 20.7% in the fourth 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 during the last quarter. Finally, Geode Capital Management LLC increased its holdings 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. 7.43% of the stock is currently owned by 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.