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

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

OptimumBank Stock Down 0.9 %

Shares of OPHC opened at $4.45 on Tuesday. OptimumBank has a 1 year low of $4.00 and a 1 year high of $5.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a 50 day simple moving average of $4.66 and a two-hundred day simple moving average of $4.71. The firm has a market cap of $44.90 million, a P/E ratio of 3.37 and a beta of 0.37.

Hedge Funds Weigh In On OptimumBank

Several institutional investors and hedge funds have recently made changes to their positions in OPHC. Dimensional Fund Advisors LP boosted its position in 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 period. 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 acquiring an additional 19,971 shares during the last quarter. Geode Capital Management LLC boosted its holdings in OptimumBank by 59.0% during the 3rd 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 period. Alliancebernstein L.P. grew 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. Finally, Fourthstone LLC purchased a new position in OptimumBank in the 3rd quarter worth approximately $323,000. Institutional investors 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.