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

Stock analysts at StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report issued on Tuesday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Stock Up 1.3 %

OPHC stock opened at $4.56 on Tuesday. OptimumBank has a 52-week low of $4.00 and a 52-week high of $5.90. 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 firm has a market capitalization of $46.01 million, a P/E ratio of 3.45 and a beta of 0.37. The company’s 50 day simple moving average is $4.65 and its 200-day simple moving average is $4.71.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in OptimumBank by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock valued at $315,000 after purchasing an additional 2,611 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of OptimumBank by 17.1% during the fourth quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock worth $650,000 after buying an additional 19,971 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of OptimumBank by 20.7% in 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. Geode Capital Management LLC raised its position in shares of 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 buying an additional 30,202 shares during the last quarter. Finally, Fourthstone LLC bought a new stake in shares of OptimumBank in the third quarter valued at about $323,000. 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.