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

StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note issued to investors on Friday. The firm issued a hold rating on the bank’s stock.

OptimumBank Trading Down 0.2 %

Shares of OPHC opened at $4.71 on Friday. 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 50-day moving average price of $4.85 and a 200 day moving average price of $4.63. OptimumBank has a 12-month low of $3.89 and a 12-month high of $5.90. The firm has a market capitalization of $47.52 million, a P/E ratio of 3.57 and a beta of 0.36.

Institutional Trading of OptimumBank

A number of hedge funds and other institutional investors have recently modified their holdings of OPHC. Geode Capital Management LLC boosted its stake in OptimumBank by 59.0% during 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 during the period. Fourthstone LLC purchased a new stake in OptimumBank during the 3rd quarter worth approximately $323,000. Renaissance Technologies LLC raised its stake in shares of OptimumBank by 21.4% in the second 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in OptimumBank by 52.2% in the second 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 period. 7.43% of the stock is owned by institutional investors and hedge funds.

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.