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

Investment analysts at StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Stock Up 1.3 %

Shares of OPHC opened at $4.56 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $4.65 and a two-hundred day moving average price of $4.71. The stock has a market cap of $46.01 million, a price-to-earnings ratio of 3.45 and a beta of 0.37. OptimumBank has a 12 month low of $4.00 and a 12 month high of $5.90.

Hedge Funds Weigh In On OptimumBank

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in 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 buying an additional 2,611 shares in the last quarter. Fourthstone LLC acquired a new stake in shares of OptimumBank in the 3rd quarter valued at $323,000. Geode Capital Management LLC raised its position in shares of 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 acquiring an additional 30,202 shares during the last quarter. Renaissance Technologies LLC lifted its position 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. Finally, Alliancebernstein L.P. boosted its stake in shares of OptimumBank by 20.7% in the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock valued at $1,717,000 after purchasing an additional 61,971 shares during the last quarter. 7.43% of the stock is currently owned by institutional investors and hedge funds.

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.