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

StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a report issued on Monday. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Trading Down 2.2 %

OPHC opened at $4.96 on Monday. OptimumBank has a 12-month low of $3.17 and a 12-month high of $5.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $50.05 million, a PE ratio of 4.20 and a beta of 0.36. The firm’s fifty day moving average price is $4.71 and its 200 day moving average price is $4.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. EJF Capital LLC bought a new position in OptimumBank in the 1st quarter valued at about $1,100,000. Dimensional Fund Advisors LP lifted its stake in shares of OptimumBank by 52.2% in the 2nd 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. Renaissance Technologies LLC boosted its holdings in shares of OptimumBank by 21.4% in 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 in the last quarter. Fourthstone LLC acquired a new position in shares of OptimumBank during the third quarter valued at approximately $323,000. Finally, Geode Capital Management LLC raised its holdings in OptimumBank by 59.0% during the third 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 in the last quarter. Institutional investors 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.