OptimumBank (NASDAQ:OPHC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report released on Friday morning. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Stock Up 4.3 %

OptimumBank stock opened at $4.40 on Friday. OptimumBank has a 1-year low of $4.00 and a 1-year high of $5.90. The firm has a market capitalization of $51.70 million, a price-to-earnings ratio of 3.33 and a beta of 0.36. The firm’s fifty day moving average price is $4.51 and its two-hundred day moving average price is $4.66. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OPHC. Fourthstone LLC bought a new position in shares of OptimumBank in the third quarter valued at $323,000. Geode Capital Management LLC lifted 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 valued at $372,000 after buying an additional 30,202 shares in the last quarter. Alliancebernstein L.P. lifted 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 valued at $1,717,000 after buying an additional 61,971 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of OptimumBank by 17.1% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position 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 purchasing an additional 2,611 shares in the last quarter. 7.43% of the stock is owned by institutional investors.

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.