OptimumBank Holdings, Inc. (NASDAQ:OPHC) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its holdings in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) by 20.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 360,691 shares of the bank’s stock after acquiring an additional 61,971 shares during the quarter. Alliancebernstein L.P. owned about 3.57% of OptimumBank worth $1,717,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC raised its holdings in 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 during the period. 7.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of OptimumBank in a research note on Wednesday. They set a “hold” rating for the company.

OptimumBank Stock Up 1.8 %

NASDAQ:OPHC opened at $4.04 on Friday. OptimumBank Holdings, Inc. has a 52 week low of $3.53 and a 52 week high of $5.90. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average is $4.24 and its two-hundred day moving average is $4.57. The stock has a market capitalization of $47.47 million, a price-to-earnings ratio of 3.06 and a beta of 0.31.

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.