OptimumBank (NASDAQ:OPHC) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

OptimumBank Holdings, Inc. (NASDAQ:OPHC)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.38 and traded as low as $4.21. OptimumBank shares last traded at $4.24, with a volume of 7,391 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on OptimumBank in a research report on Sunday, May 18th. They set a “hold” rating on the stock.

OptimumBank Stock Down 0.2%

The business has a 50 day simple moving average of $4.46 and a 200 day simple moving average of $4.38. 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 market cap of $49.82 million, a PE ratio of 3.21 and a beta of 0.50.

Institutional Trading of OptimumBank

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of OptimumBank by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock worth $315,000 after acquiring an additional 2,611 shares in the last quarter. Renaissance Technologies LLC boosted its stake in OptimumBank by 17.1% during the 4th 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 during the period. Fourthstone LLC boosted its stake in OptimumBank by 44.6% during the 2nd quarter. Fourthstone LLC now owns 500,853 shares of the bank’s stock valued at $2,239,000 after purchasing an additional 154,399 shares during the period. Brown Advisory Inc. bought a new stake in OptimumBank during the 2nd quarter valued at approximately $89,000. Finally, Goldman Sachs Group Inc. boosted its stake in OptimumBank by 24.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock valued at $118,000 after purchasing an additional 5,720 shares during the period. 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.