OptimumBank (NASDAQ:OPHC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note published on Friday. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Price Performance

Shares of NASDAQ OPHC opened at $4.40 on Friday. The stock has a fifty day simple moving average of $4.51 and a two-hundred day simple moving average of $4.66. OptimumBank has a 1-year low of $4.00 and a 1-year high of $5.90. The firm has a market cap of $51.70 million, a price-to-earnings ratio of 3.33 and a beta of 0.36. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On OptimumBank

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of 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 acquiring an additional 2,611 shares during the period. Fourthstone LLC purchased a new stake in shares of OptimumBank in the third quarter worth $323,000. Geode Capital Management LLC raised its position in shares of 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 raised its position in shares of 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. raised its position in shares of 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. 7.43% of the stock is owned by institutional investors.

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.