OptimumBank (NASDAQ:OPHC) Earns Hold Rating from Analysts at StockNews.com

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

OptimumBank Price Performance

Shares of NASDAQ:OPHC opened at $4.34 on Tuesday. 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 stock has a market capitalization of $43.79 million, a P/E ratio of 3.29 and a beta of 0.37. The business has a 50-day moving average of $4.64 and a two-hundred day moving average of $4.70. OptimumBank has a fifty-two week low of $4.00 and a fifty-two week high of $5.90.

Hedge Funds Weigh In On OptimumBank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OPHC. Dimensional Fund Advisors LP lifted its stake in shares of 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 during the last quarter. Fourthstone LLC bought a new position in OptimumBank in the 3rd quarter worth $323,000. Geode Capital Management LLC lifted its position in 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 acquiring an additional 30,202 shares during the last quarter. Renaissance Technologies LLC lifted its position in 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 acquiring an additional 19,971 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in OptimumBank by 20.7% during the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock valued at $1,717,000 after acquiring an additional 61,971 shares during the period. 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.