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

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

OptimumBank Stock Performance

Shares of NASDAQ OPHC opened at $3.90 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $4.26 and its two-hundred day moving average price is $4.58. OptimumBank has a 52-week low of $3.53 and a 52-week high of $5.90. The stock has a market capitalization of $45.83 million, a P/E ratio of 2.95 and a beta of 0.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. lifted its stake in 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 buying an additional 61,971 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of OptimumBank by 17.1% in the fourth quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock valued at $650,000 after purchasing an additional 19,971 shares during the period. Geode Capital Management LLC raised its holdings 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, Dimensional Fund Advisors LP raised its holdings in shares of OptimumBank by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock valued at $315,000 after buying an additional 2,611 shares during the last quarter. Institutional investors and hedge funds own 7.43% of the company’s stock.

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.