OptimumBank (NASDAQ:OPHC) Now Covered by Analysts at StockNews.com

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

OptimumBank Price Performance

Shares of NASDAQ OPHC opened at $4.25 on Wednesday. OptimumBank has a 12 month low of $4.00 and a 12 month high of $5.90. 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 has a market capitalization of $49.94 million, a price-to-earnings ratio of 3.22 and a beta of 0.37. The business has a 50-day moving average of $4.61 and a 200-day moving average of $4.70.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of OPHC. Dimensional Fund Advisors LP boosted its stake in OptimumBank by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock worth $315,000 after buying an additional 2,611 shares in the last quarter. Fourthstone LLC purchased a new stake in OptimumBank in the third quarter worth approximately $323,000. Geode Capital Management LLC boosted its stake in 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 buying an additional 30,202 shares in the last quarter. Renaissance Technologies LLC boosted its stake in OptimumBank by 17.1% in the fourth quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock worth $650,000 after buying an additional 19,971 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in 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 buying an additional 61,971 shares in the last quarter. Hedge funds and other institutional investors own 7.43% of the company’s stock.

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.