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

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a report published on Tuesday morning. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Stock Down 1.9 %

OptimumBank stock opened at $4.76 on Tuesday. 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 company’s 50-day moving average is $4.72 and its 200-day moving average is $4.56. The firm has a market capitalization of $48.03 million, a PE ratio of 3.64 and a beta of 0.36. OptimumBank has a fifty-two week low of $3.27 and a fifty-two week high of $5.90.

Institutional Trading of OptimumBank

Several hedge funds have recently added to or reduced their stakes in OPHC. Dimensional Fund Advisors LP boosted its position in shares of 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 acquiring an additional 8,960 shares during the period. Renaissance Technologies LLC boosted its holdings in OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after purchasing an additional 9,228 shares during the period. Fourthstone LLC acquired a new position in shares of OptimumBank during the 3rd quarter worth approximately $323,000. Finally, Geode Capital Management LLC increased its holdings 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 purchasing an additional 30,202 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.