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

StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a report issued on Thursday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Stock Performance

Shares of OptimumBank stock opened at $4.92 on Thursday. The firm has a fifty day moving average of $4.81 and a two-hundred day moving average of $4.61. The stock has a market capitalization of $49.64 million, a price-to-earnings ratio of 3.73 and a beta of 0.36. OptimumBank has a 52 week low of $3.52 and a 52 week high of $5.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12.

Institutional Trading of OptimumBank

A number of large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of OptimumBank by 52.2% in the 2nd 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 in the last quarter. Renaissance Technologies LLC increased its position in shares of 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 buying an additional 9,228 shares in the last quarter. Geode Capital Management LLC increased its position 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 buying an additional 30,202 shares in the last quarter. Finally, Fourthstone LLC bought a new stake in shares of OptimumBank in the 3rd quarter valued at $323,000. Institutional investors 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.