Renaissance Technologies LLC raised its stake in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC – Free Report) by 21.4% during the second quarter, HoldingsChannel reports. The fund owned 52,428 shares of the bank’s stock after acquiring an additional 9,228 shares during the quarter. Renaissance Technologies LLC’s holdings in OptimumBank were worth $225,000 as of its most recent SEC filing.
Separately, Dimensional Fund Advisors LP boosted its stake in OptimumBank by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after acquiring an additional 8,960 shares during the last quarter. 7.43% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of OptimumBank in a research note on Wednesday. They set a “hold” rating on the stock.
OptimumBank Price Performance
Shares of NASDAQ:OPHC opened at $4.53 on Friday. The stock has a market capitalization of $43.65 million, a price-to-earnings ratio of 4.44 and a beta of 0.36. OptimumBank Holdings, Inc. has a 1-year low of $3.12 and a 1-year high of $4.98. The company’s fifty day moving average is $4.61 and its two-hundred day moving average is $4.43. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.13.
OptimumBank (NASDAQ:OPHC – Get Free Report) last released its quarterly earnings data on Monday, August 5th. The bank reported $0.34 earnings per share for the quarter. OptimumBank had a net margin of 18.24% and a return on equity of 12.66%. The business had revenue of $9.94 million for the quarter.
OptimumBank 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.
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