OptimumBank (NASDAQ:OPHC) Stock Crosses Below 200 Day Moving Average – Should You Sell?

OptimumBank Holdings, Inc. (NASDAQ:OPHC) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.71 and traded as low as $4.44. OptimumBank shares last traded at $4.45, with a volume of 148,291 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on OptimumBank in a research report on Tuesday. They issued a “hold” rating for the company.

OptimumBank Stock Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50-day simple moving average of $4.66 and a 200 day simple moving average of $4.71. The firm has a market cap of $44.90 million, a PE ratio of 3.37 and a beta of 0.37.

Institutional Trading of OptimumBank

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in OptimumBank by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock worth $315,000 after buying an additional 2,611 shares in the last quarter. Fourthstone LLC purchased a new stake in shares of OptimumBank during the third quarter worth about $323,000. Geode Capital Management LLC grew its position in shares of OptimumBank by 59.0% during 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 in the last quarter. Renaissance Technologies LLC grew its position in shares of OptimumBank by 17.1% during the fourth 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. grew its position in shares of OptimumBank by 20.7% during the fourth 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.