StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a research report released on Saturday morning. The brokerage issued a hold rating on the bank’s stock.
OptimumBank Trading Down 0.4 %
OPHC stock opened at $4.74 on Friday. The firm has a market cap of $47.83 million, a PE ratio of 3.59 and a beta of 0.36. The firm has a fifty day moving average price of $4.87 and a 200 day moving average price of $4.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. OptimumBank has a fifty-two week low of $3.89 and a fifty-two week high of $5.90.
Institutional Investors Weigh In On OptimumBank
Several institutional investors have recently modified their holdings of OPHC. Renaissance Technologies LLC raised its holdings in OptimumBank by 21.4% during the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after buying an additional 9,228 shares during the period. Fourthstone LLC bought a new position in OptimumBank during the third quarter valued at $323,000. Dimensional Fund Advisors LP raised its stake 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. Finally, Geode Capital Management LLC lifted 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 worth $372,000 after acquiring an additional 30,202 shares during the last quarter. 7.43% of the stock is owned by institutional investors.
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.
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