OptimumBank (NASDAQ:OPHC) Stock Crosses Below 200 Day Moving Average – Should You Sell?

OptimumBank Holdings, Inc. (NASDAQ:OPHC)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.71 and traded as low as $4.44. OptimumBank shares last traded at $4.45, with a volume of 148,291 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on OptimumBank in a report on Tuesday. They issued a “hold” rating on the stock.

OptimumBank Stock Down 0.9 %

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 company has a fifty day simple moving average of $4.66 and a 200 day simple moving average of $4.71. The firm has a market capitalization of $44.90 million, a P/E ratio of 3.37 and a beta of 0.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OPHC. Dimensional Fund Advisors LP lifted its holdings in shares of OptimumBank by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock valued at $315,000 after purchasing an additional 2,611 shares in the last quarter. Fourthstone LLC bought a new position in OptimumBank in the third quarter valued at about $323,000. Geode Capital Management LLC lifted its holdings in OptimumBank by 59.0% in the third quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock valued at $372,000 after acquiring an additional 30,202 shares during the period. Renaissance Technologies LLC lifted its holdings in OptimumBank by 17.1% in the fourth quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock valued at $650,000 after acquiring an additional 19,971 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in OptimumBank by 20.7% in the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock valued at $1,717,000 after acquiring an additional 61,971 shares during the period. 7.43% of the stock is owned by institutional investors.

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.