OptimumBank Holdings, Inc. (NASDAQ:OPHC) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) by 59.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,411 shares of the bank’s stock after buying an additional 30,202 shares during the quarter. Geode Capital Management LLC’s holdings in OptimumBank were worth $372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in 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 in the last quarter. Renaissance Technologies LLC grew its position 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 purchasing an additional 9,228 shares during the period. Finally, Fourthstone LLC acquired a new stake in shares of OptimumBank in the third quarter valued at about $323,000. Hedge funds and other institutional investors own 7.43% of the company’s stock.

OptimumBank Stock Performance

Shares of NASDAQ:OPHC opened at $4.52 on Monday. 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 Holdings, Inc. has a 1 year low of $3.89 and a 1 year high of $5.90. The firm has a market capitalization of $45.61 million, a PE ratio of 3.42 and a beta of 0.37. The business’s 50 day moving average price is $4.87 and its 200-day moving average price is $4.66.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of OptimumBank in a research report on Sunday, January 5th. They set a “hold” rating for the company.

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.