StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the bank’s stock.
OptimumBank Price Performance
NASDAQ OPHC opened at $4.77 on Tuesday. The business has a 50 day simple moving average of $4.73 and a 200 day simple moving average of $4.57. OptimumBank has a 52-week low of $3.35 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 market cap of $48.13 million, a price-to-earnings ratio of 3.61 and a beta of 0.36.
Institutional Trading of OptimumBank
A number of large investors have recently bought and sold shares of OPHC. Dimensional Fund Advisors LP grew its stake in shares of OptimumBank by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after acquiring an additional 8,960 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of OptimumBank by 21.4% during the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after acquiring an additional 9,228 shares in the last quarter. Fourthstone LLC bought a new position in shares of OptimumBank during the 3rd quarter worth approximately $323,000. Finally, Geode Capital Management LLC grew 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 acquiring an additional 30,202 shares in the last quarter. 7.43% of the stock is 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.
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