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

Research analysts at StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Trading Up 0.7 %

NASDAQ:OPHC opened at $4.28 on Wednesday. OptimumBank has a one year low of $4.00 and a one year high of $5.90. The business has a fifty day moving average price of $4.60 and a 200-day moving average price of $4.69. The firm has a market capitalization of $50.29 million, a price-to-earnings ratio of 3.24 and a beta of 0.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12.

Hedge Funds Weigh In On OptimumBank

A number of hedge funds and other institutional investors have recently modified their holdings of OPHC. Dimensional Fund Advisors LP increased its stake in OptimumBank by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock worth $315,000 after acquiring an additional 2,611 shares during the last quarter. Fourthstone LLC purchased a new stake in OptimumBank during the third quarter valued at $323,000. Geode Capital Management LLC lifted its position in 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 purchasing an additional 30,202 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of OptimumBank by 17.1% in the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock worth $650,000 after buying an additional 19,971 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of OptimumBank by 20.7% in the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock worth $1,717,000 after buying an additional 61,971 shares during the last quarter. 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.