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

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

OptimumBank Price Performance

NASDAQ OPHC opened at $4.71 on Friday. OptimumBank has a 1 year low of $3.89 and a 1 year high of $5.90. The business’s fifty day moving average is $4.85 and its two-hundred day moving average is $4.63. The stock has a market capitalization of $47.52 million, a P/E ratio of 3.57 and a beta of 0.36. 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 and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in OptimumBank by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after buying an additional 8,960 shares during the period. Renaissance Technologies LLC raised its holdings in shares of OptimumBank by 21.4% during the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after acquiring an additional 9,228 shares during the period. Fourthstone LLC purchased a new stake in shares of OptimumBank in the 3rd quarter valued at approximately $323,000. Finally, Geode Capital Management LLC boosted its stake in OptimumBank by 59.0% in the 3rd 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. Institutional investors and hedge funds 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.