StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a research note published on Friday morning. The brokerage issued a hold rating on the bank’s stock.
OptimumBank Stock Down 0.2 %
Shares of OPHC opened at $4.71 on Friday. The firm has a market cap of $47.52 million, a P/E ratio of 3.57 and a beta of 0.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. OptimumBank has a 52 week low of $3.89 and a 52 week high of $5.90. The firm’s 50-day simple moving average is $4.85 and its 200 day simple moving average is $4.63.
Hedge Funds Weigh In On OptimumBank
Large investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted 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 valued at $372,000 after purchasing an additional 30,202 shares during the period. Fourthstone LLC acquired a new stake in shares of OptimumBank during the third quarter worth $323,000. Renaissance Technologies LLC lifted its holdings in shares of OptimumBank by 21.4% during the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after buying an additional 9,228 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of OptimumBank by 52.2% in the second 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 period. 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.
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