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

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report released on Sunday. The firm issued a hold rating on the bank’s stock.

OptimumBank Stock Performance

NASDAQ OPHC opened at $4.76 on Friday. The company’s 50 day simple moving average is $4.89 and its two-hundred day simple moving average is $4.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12. OptimumBank has a 1 year low of $3.89 and a 1 year high of $5.90. The stock has a market capitalization of $48.03 million, a PE ratio of 3.61 and a beta of 0.37.

Institutional Investors Weigh In On OptimumBank

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased 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 purchased a new position in shares of OptimumBank during the third quarter worth about $323,000. Renaissance Technologies LLC grew 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 purchasing an additional 9,228 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased 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 worth $112,000 after purchasing an additional 8,960 shares during the last quarter. Institutional investors own 7.43% of the company’s stock.

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.