StockNews.com Begins Coverage on OptimumBank (NASDAQ:OPHC)

Analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note issued to investors on Monday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Stock Performance

Shares of OPHC opened at $5.07 on Monday. The firm has a market cap of $51.16 million, a price-to-earnings ratio of 4.30 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. The business’s 50 day moving average is $4.70 and its two-hundred day moving average is $4.54. OptimumBank has a 52-week low of $3.17 and a 52-week high of $5.90.

Institutional Investors Weigh In On OptimumBank

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased 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 buying an additional 8,960 shares during the last quarter. Renaissance Technologies LLC lifted its holdings 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 buying an additional 9,228 shares during the last quarter. Fourthstone LLC acquired a new position in shares of OptimumBank in the 3rd quarter worth approximately $323,000. Geode Capital Management LLC increased its holdings in shares of OptimumBank by 59.0% in the 3rd quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock valued at $372,000 after acquiring an additional 30,202 shares during the last quarter. Finally, EJF Capital LLC bought a new stake in shares of OptimumBank in the 1st quarter valued at approximately $1,100,000. Institutional investors and hedge funds own 7.43% of the company’s stock.

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.