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

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

OptimumBank Trading Down 0.7 %

Shares of NASDAQ:OPHC opened at $4.22 on Friday. The firm has a market cap of $49.59 million, a price-to-earnings ratio of 3.20 and a beta of 0.36. OptimumBank has a 12 month low of $4.00 and a 12 month high of $5.90. The company’s fifty day simple moving average is $4.51 and its 200 day simple moving average is $4.66. 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 Trading of OptimumBank

A number of institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. grew its holdings in shares of OptimumBank by 20.7% during the fourth 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 in the last quarter. Renaissance Technologies LLC boosted its position in OptimumBank by 17.1% during the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock worth $650,000 after acquiring an additional 19,971 shares during the last quarter. Geode Capital Management LLC boosted its position in OptimumBank by 59.0% during the 3rd 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 during the last quarter. Fourthstone LLC bought a new position in shares of OptimumBank during the 3rd quarter worth approximately $323,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of OptimumBank by 4.1% in the fourth 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 last quarter. 7.43% of the stock is currently owned by institutional investors.

About OptimumBank

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.