StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a report published on Sunday. The brokerage issued a hold rating on the bank’s stock.
OptimumBank Stock Performance
Shares of OptimumBank stock opened at $4.62 on Friday. OptimumBank has a 12 month low of $3.89 and a 12 month high of $5.90. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $4.88 and a two-hundred day simple moving average of $4.66. The firm has a market capitalization of $46.62 million, a P/E ratio of 3.50 and a beta of 0.37.
Institutional Trading of OptimumBank
Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position 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 valued at $372,000 after purchasing an additional 30,202 shares during the period. Fourthstone LLC bought a new position in OptimumBank during the third quarter valued at approximately $323,000. Renaissance Technologies LLC grew its holdings in shares of OptimumBank by 21.4% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of OptimumBank by 52.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after buying an additional 8,960 shares in the last quarter. 7.43% of the stock is currently 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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