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

Analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a report released on Saturday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Trading Down 0.4 %

Shares of OPHC stock opened at $4.74 on Friday. 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 stock has a market capitalization of $47.83 million, a price-to-earnings ratio of 3.59 and a beta of 0.36. OptimumBank has a 12-month low of $3.89 and a 12-month high of $5.90. The stock’s 50-day moving average price is $4.87 and its 200-day moving average price is $4.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OPHC. Fourthstone LLC bought a new stake in OptimumBank in the third quarter worth $323,000. Geode Capital Management LLC grew its stake in shares of OptimumBank by 59.0% in the 3rd quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock worth $372,000 after buying an additional 30,202 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after buying an additional 9,228 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings 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 during the last quarter. 7.43% of the stock is currently owned by institutional investors.

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.