Dimensional Fund Advisors LP Boosts Stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC)

Dimensional Fund Advisors LP grew its stake in OptimumBank Holdings, Inc. (NASDAQ:OPHC) by 4.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 66,086 shares of the bank’s stock after buying an additional 2,611 shares during the period. Dimensional Fund Advisors LP’s holdings in OptimumBank were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Alliancebernstein L.P. raised its holdings 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 during the last quarter. 7.43% of the stock is currently owned by institutional investors and hedge funds.

OptimumBank Trading Down 0.9%

Shares of OptimumBank stock opened at $4.60 on Friday. 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 firm has a fifty day moving average price of $4.19 and a 200 day moving average price of $4.54. OptimumBank Holdings, Inc. has a 1 year low of $3.53 and a 1 year high of $5.90. The stock has a market cap of $54.05 million, a PE ratio of 3.48 and a beta of 0.46.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of OptimumBank in a report on Sunday. They issued a “hold” rating for the company.

OptimumBank 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.