OptimumBank (NASDAQ:OPHC) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note released on Tuesday morning. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Trading Up 0.6 %

Shares of OPHC stock opened at $4.75 on Tuesday. The stock has a 50-day simple moving average of $4.71 and a 200 day simple moving average of $4.70. OptimumBank has a fifty-two week low of $3.90 and a fifty-two week high of $5.90. The stock has a market capitalization of $47.93 million, a P/E ratio of 3.60 and a beta of 0.37. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in OptimumBank by 52.2% during the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after buying an additional 8,960 shares in the last quarter. Renaissance Technologies LLC boosted its stake 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 buying an additional 19,971 shares in the last quarter. Geode Capital Management LLC boosted its stake in OptimumBank by 59.0% during the third 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 in the last quarter. Alliancebernstein L.P. boosted its stake 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 buying an additional 61,971 shares in the last quarter. Finally, Fourthstone LLC bought a new position in OptimumBank during the third quarter valued at about $323,000. Institutional investors own 7.43% of the company’s stock.

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.