StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a report released on Monday. The firm issued a hold rating on the bank’s stock.
OptimumBank Trading Down 0.8 %
NASDAQ:OPHC opened at $5.10 on Monday. The stock’s 50 day moving average price is $4.69 and its 200 day moving average price is $4.54. OptimumBank has a 52 week low of $3.17 and a 52 week high of $5.90. The company has a market capitalization of $51.46 million, a P/E ratio of 4.32 and a beta of 0.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12.
Hedge Funds Weigh In On OptimumBank
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in OptimumBank by 59.0% during the third quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock valued at $372,000 after purchasing an additional 30,202 shares during the last quarter. Fourthstone LLC acquired a new position in OptimumBank during the third quarter valued at approximately $323,000. Renaissance Technologies LLC grew its holdings in OptimumBank by 21.4% during the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after purchasing an additional 9,228 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in OptimumBank by 52.2% during the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after purchasing an additional 8,960 shares during the last quarter. Finally, EJF Capital LLC acquired a new position in OptimumBank during the first quarter valued at approximately $1,100,000. Institutional investors and hedge funds 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.
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