OptimumBank (NASDAQ:OPHC) Coverage Initiated by Analysts at StockNews.com

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

OptimumBank Stock Down 0.9%

OPHC stock opened at $4.60 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. OptimumBank has a 1 year low of $3.53 and a 1 year high of $5.90. The company has a fifty day simple moving average of $4.19 and a 200 day simple moving average of $4.54. The firm has a market cap of $54.05 million, a PE ratio of 3.48 and a beta of 0.46.

Institutional Investors Weigh In On OptimumBank

Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of OptimumBank by 4.1% in 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 last quarter. Goldman Sachs Group Inc. lifted its stake in shares of OptimumBank by 24.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock valued at $118,000 after purchasing an additional 5,720 shares during the last quarter. Renaissance Technologies LLC lifted 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 valued at $650,000 after purchasing an additional 19,971 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in OptimumBank by 20.7% during the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock worth $1,717,000 after acquiring an additional 61,971 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.