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

Equities research analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a report released on Sunday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Stock Performance

OptimumBank stock opened at $4.54 on Friday. OptimumBank has a 12-month low of $3.53 and a 12-month high of $5.90. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $4.20 and its two-hundred day moving average price is $4.54. The stock has a market cap of $53.35 million, a PE ratio of 3.44 and a beta of 0.46.

Institutional Trading of OptimumBank

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in shares of OptimumBank by 20.7% during 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 during the last quarter. Renaissance Technologies LLC grew its holdings in shares of OptimumBank by 17.1% during the fourth quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock worth $650,000 after purchasing an additional 19,971 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in OptimumBank by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock valued at $315,000 after acquiring an additional 2,611 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in OptimumBank by 24.8% in the first quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock valued at $118,000 after acquiring an additional 5,720 shares during the last quarter. 7.43% of the stock is currently 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.