Fourthstone LLC Invests $323,000 in OptimumBank Holdings, Inc. (NASDAQ:OPHC)

Fourthstone LLC bought a new position in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 70,760 shares of the bank’s stock, valued at approximately $323,000.

Separately, Renaissance Technologies LLC grew its position in shares of OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after acquiring an additional 9,228 shares during the period. Hedge funds and other institutional investors own 7.43% of the company’s stock.

OptimumBank Stock Performance

Shares of OPHC stock traded down $0.03 during trading on Thursday, reaching $4.73. 30,313 shares of the company’s stock were exchanged, compared to its average volume of 24,073. The firm’s fifty day moving average price is $4.73 and its 200-day moving average price is $4.56. OptimumBank Holdings, Inc. has a twelve month low of $3.28 and a twelve month high of $5.90. The stock has a market capitalization of $47.73 million, a PE ratio of 3.58 and a beta of 0.36. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of OptimumBank in a research note on Tuesday. They issued a “hold” rating for the company.

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.