StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a report released on Tuesday. The brokerage issued a hold rating on the bank’s stock.
OptimumBank Trading Up 0.8 %
NASDAQ OPHC opened at $4.77 on Tuesday. The company has a market cap of $48.13 million, a PE ratio of 3.61 and a beta of 0.36. 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 12 month low of $3.35 and a 12 month high of $5.90. The stock has a 50 day moving average of $4.73 and a 200-day moving average of $4.57.
Institutional Investors Weigh In On OptimumBank
Several large investors have recently made changes to their positions in OPHC. Dimensional Fund Advisors LP lifted its holdings in 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 purchasing an additional 8,960 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in OptimumBank by 21.4% during the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after purchasing an additional 9,228 shares during the last quarter. Fourthstone LLC acquired a new stake in OptimumBank during the 3rd quarter valued at $323,000. Finally, Geode Capital Management LLC lifted 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 purchasing 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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