OptimumBank (NASDAQ:OPHC) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

OptimumBank Holdings, Inc. (NASDAQ:OPHC)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.58 and traded as low as $3.82. OptimumBank shares last traded at $3.90, with a volume of 4,014 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on OptimumBank in a research note on Wednesday. They issued a “hold” rating on the stock.

OptimumBank Trading Up 2.4 %

The company has a market cap of $45.83 million, a price-to-earnings ratio of 2.95 and a beta of 0.31. The company’s 50 day moving average price is $4.26 and its 200 day moving average price is $4.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12.

Hedge Funds Weigh In On OptimumBank

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of OptimumBank by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock valued at $315,000 after acquiring an additional 2,611 shares during the last quarter. Geode Capital Management LLC boosted its position in 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. Renaissance Technologies LLC grew its holdings in OptimumBank by 17.1% during the fourth quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock valued at $650,000 after purchasing an additional 19,971 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake 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 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.