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

Analysts at StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note issued on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Trading Down 1.3 %

Shares of OptimumBank stock opened at $4.72 on Tuesday. The firm has a market capitalization of $47.62 million, a PE ratio of 3.58 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. The firm’s 50 day moving average is $4.71 and its 200 day moving average is $4.70. OptimumBank has a 1 year low of $3.90 and a 1 year high of $5.90.

Institutional Investors Weigh In On OptimumBank

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in shares of OptimumBank by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after acquiring an additional 8,960 shares during the period. Fourthstone LLC purchased a new stake in OptimumBank during the third quarter worth about $323,000. Geode Capital Management LLC increased its stake in shares of OptimumBank by 59.0% in the third quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock worth $372,000 after purchasing an additional 30,202 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of OptimumBank by 20.7% in the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock worth $1,717,000 after purchasing an additional 61,971 shares in the last quarter. 7.43% of the stock is 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.