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

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

OptimumBank Stock Down 2.9 %

Shares of NASDAQ:OPHC opened at $4.72 on Friday. OptimumBank has a fifty-two week low of $3.78 and a fifty-two week high of $5.90. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $4.84 and its 200-day simple moving average is $4.63. The company has a market cap of $47.62 million, a price-to-earnings ratio of 3.58 and a beta of 0.36.

Hedge Funds Weigh In On OptimumBank

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of OptimumBank by 52.2% in the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after buying an additional 8,960 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after purchasing an additional 9,228 shares in the last quarter. Fourthstone LLC acquired a new stake in shares of OptimumBank in the third quarter valued at about $323,000. 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 buying an additional 30,202 shares in the last quarter. 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.