OptimumBank (NASDAQ:OPHC) Now Covered by Analysts at StockNews.com

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

OptimumBank Stock Performance

NASDAQ:OPHC opened at $4.94 on Thursday. OptimumBank has a fifty-two week low of $3.52 and a fifty-two week high of $5.90. The firm’s 50 day moving average is $4.81 and its two-hundred day moving average is $4.61. The company has a market cap of $49.84 million, a P/E ratio of 3.74 and a beta of 0.36. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43.

Institutional Investors Weigh In On OptimumBank

A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted 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 valued at $112,000 after purchasing an additional 8,960 shares in the last quarter. Renaissance Technologies LLC lifted 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 buying an additional 9,228 shares in the last quarter. Geode Capital Management LLC grew its stake in OptimumBank by 59.0% during the third 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 during the period. Finally, Fourthstone LLC acquired a new stake in shares of OptimumBank in the third quarter worth $323,000. Hedge funds and other institutional investors 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.