StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a research note published on Sunday morning. The firm issued a hold rating on the bank’s stock.
OptimumBank Trading Down 2.5 %
Shares of OptimumBank stock opened at $4.62 on Friday. The firm’s 50 day moving average is $4.88 and its 200 day moving average is $4.66. The firm has a market capitalization of $46.62 million, a PE ratio of 3.50 and a beta of 0.37. 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 $3.89 and a 1 year high of $5.90.
Hedge Funds Weigh In On OptimumBank
Several hedge funds and other institutional investors have recently bought and sold shares of OPHC. Renaissance Technologies LLC raised its stake in OptimumBank by 21.4% during the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after buying an additional 9,228 shares during the period. Fourthstone LLC bought a new stake in OptimumBank during the third quarter worth $323,000. Dimensional Fund Advisors LP boosted its holdings 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 worth $112,000 after buying an additional 8,960 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in OptimumBank by 59.0% in the third quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock valued at $372,000 after acquiring an additional 30,202 shares during the last quarter. Institutional investors and hedge funds 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.
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