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

Stock analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a report released on Friday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Trading Up 4.3 %

Shares of OPHC stock opened at $4.40 on Friday. OptimumBank has a fifty-two week low of $4.00 and a fifty-two week high of $5.90. The stock has a market cap of $51.70 million, a P/E ratio of 3.33 and a beta of 0.36. The business has a fifty day simple moving average of $4.51 and a 200-day simple moving average of $4.66. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43.

Institutional Trading of OptimumBank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased 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 purchasing an additional 2,611 shares in the last quarter. Fourthstone LLC purchased a new stake in OptimumBank during the 3rd quarter worth about $323,000. Geode Capital Management LLC increased its position in 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 purchasing an additional 30,202 shares in the last quarter. Renaissance Technologies LLC increased its position in 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 purchasing an additional 19,971 shares in the last quarter. Finally, 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. Hedge funds and other institutional investors 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.