OptimumBank (NASDAQ:OPHC) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a report published on Saturday. The firm issued a hold rating on the bank’s stock.

OptimumBank Trading Down 0.2 %

Shares of OptimumBank stock opened at $4.73 on Friday. 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 has a market cap of $47.73 million, a price-to-earnings ratio of 3.58 and a beta of 0.36. OptimumBank has a twelve month low of $3.89 and a twelve month high of $5.90. The business has a 50-day moving average price of $4.87 and a 200-day moving average price of $4.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its position in OptimumBank by 59.0% in the third 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 during the last quarter. Fourthstone LLC purchased a new position in shares of OptimumBank in the 3rd quarter worth $323,000. 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 worth $225,000 after buying an additional 9,228 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position 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 valued at $112,000 after buying an additional 8,960 shares in the last quarter. 7.43% of the stock is currently owned by institutional investors.

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.