StockNews.com Begins Coverage on OptimumBank (NASDAQ:OPHC)

by · The Cerbat Gem

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC – Get Free Report) in a report issued on Friday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Stock Down 0.2 %

OptimumBank stock opened at $4.71 on Friday. The firm’s 50 day moving average price is $4.85 and its two-hundred day moving average price is $4.63. The firm has a market cap of $47.52 million, a PE ratio of 3.57 and a beta of 0.36. OptimumBank has a twelve month low of $3.89 and a twelve month high of $5.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings 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 valued at $112,000 after buying an additional 8,960 shares during the last quarter. Renaissance Technologies LLC raised its position 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 acquiring an additional 9,228 shares in the last quarter. Fourthstone LLC acquired a new stake in OptimumBank in the third quarter valued at approximately $323,000. Finally, Geode Capital Management LLC grew its position in OptimumBank by 59.0% in the third 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 in the last quarter. Hedge funds and other institutional investors own 7.43% of the company’s stock.

About OptimumBank

(Get Free Report)

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.

Read More