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

Research analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHCGet Free Report) in a report released on Sunday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Trading Down 6.8 %

NASDAQ:OPHC opened at $5.11 on Friday. The company has a market cap of $49.46 million, a PE ratio of 4.33 and a beta of 0.36. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The company has a 50 day simple moving average of $4.63 and a two-hundred day simple moving average of $4.51. OptimumBank has a 12 month low of $3.17 and a 12 month high of $5.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OPHC. Renaissance Technologies LLC lifted its stake in shares of OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after purchasing an additional 9,228 shares during the period. Dimensional Fund Advisors LP raised its position in OptimumBank by 52.2% in the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after acquiring an additional 8,960 shares during the period. Finally, EJF Capital LLC purchased a new position in shares of OptimumBank during the 1st quarter worth $1,100,000. 7.43% of the stock is owned by hedge funds and other institutional investors.

About OptimumBank

(Get Free Report)

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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