OptimumBank (NASDAQ:OPHC) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report issued on Wednesday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Stock Performance

Shares of OptimumBank stock opened at $5.11 on Wednesday. The firm has a market capitalization of $51.56 million, a P/E ratio of 3.87 and a beta of 0.36. OptimumBank has a 52 week low of $3.42 and a 52 week high of $5.90. 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 50 day moving average price of $4.76 and a 200 day moving average price of $4.58.

Institutional Investors Weigh In On OptimumBank

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in OptimumBank by 59.0% in the 3rd quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock worth $372,000 after acquiring an additional 30,202 shares during the last quarter. Fourthstone LLC acquired a new position in shares of OptimumBank in the third quarter valued at about $323,000. Renaissance Technologies LLC raised its stake in shares of OptimumBank by 21.4% in the second 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 last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of OptimumBank by 52.2% during the second quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after purchasing an additional 8,960 shares during the period. 7.43% of the stock is owned by hedge funds and other institutional investors.

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.