OptimumBank (NASDAQ:OPHC) Coverage Initiated at StockNews.com

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

OptimumBank Trading Down 0.6 %

Shares of OptimumBank stock opened at $4.73 on Tuesday. OptimumBank has a 1-year low of $3.28 and a 1-year high of $5.90. The company’s fifty day simple moving average is $4.73 and its 200-day simple moving average is $4.56. 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 capitalization of $47.73 million, a PE ratio of 3.58 and a beta of 0.36.

Institutional Trading of OptimumBank

A number of hedge funds and other institutional investors have recently bought and sold shares of OPHC. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 30,202 shares in the last quarter. Fourthstone LLC bought a new stake in OptimumBank during the 3rd quarter worth approximately $323,000. Renaissance Technologies LLC raised its stake in OptimumBank by 21.4% during the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after acquiring an additional 9,228 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in OptimumBank by 52.2% during 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 in the last quarter. Hedge funds and other 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.