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

StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report released on Tuesday morning. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Stock Up 0.6 %

Shares of OptimumBank stock opened at $4.75 on Tuesday. The stock has a 50-day moving average price of $4.71 and a 200 day moving average price of $4.70. The company has a market cap of $47.93 million, a P/E ratio of 3.60 and a beta of 0.37. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. OptimumBank has a 1 year low of $3.90 and a 1 year high of $5.90.

Institutional Investors Weigh In On OptimumBank

Several hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised 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 purchasing an additional 8,960 shares in the last quarter. Fourthstone LLC purchased a new stake in shares of OptimumBank during the 3rd quarter worth about $323,000. Geode Capital Management LLC raised 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 purchasing an additional 30,202 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of 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. raised its stake in shares of 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. 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.