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

Analysts at StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Stock Up 1.5 %

NASDAQ:OPHC opened at $4.07 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $47.83 million, a P/E ratio of 3.08 and a beta of 0.31. OptimumBank has a fifty-two week low of $3.53 and a fifty-two week high of $5.90. The firm has a 50-day simple moving average of $4.18 and a two-hundred day simple moving average of $4.55.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in OptimumBank by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock worth $315,000 after buying an additional 2,611 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of OptimumBank by 59.0% in the third 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 period. Renaissance Technologies LLC raised its holdings in shares of 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 position in OptimumBank by 20.7% during the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock valued at $1,717,000 after purchasing an additional 61,971 shares during the period. Hedge funds and other 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.