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

Stock analysts at StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a report issued on Friday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Stock Performance

NASDAQ OPHC opened at $4.40 on Friday. The firm has a market capitalization of $51.70 million, a P/E ratio of 3.33 and a beta of 0.36. OptimumBank has a 1-year low of $4.00 and a 1-year 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 business’s 50-day simple moving average is $4.51 and its 200-day simple moving average is $4.66.

Hedge Funds Weigh In On OptimumBank

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of OptimumBank by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock valued at $315,000 after purchasing an additional 2,611 shares in the last quarter. Fourthstone LLC acquired a new position in OptimumBank during the 3rd quarter worth approximately $323,000. Geode Capital Management LLC lifted its position in OptimumBank by 59.0% during 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 in the last quarter. Renaissance Technologies LLC lifted its position in OptimumBank by 17.1% during the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock worth $650,000 after acquiring an additional 19,971 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in OptimumBank by 20.7% during the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock worth $1,717,000 after acquiring an additional 61,971 shares in the last quarter. 7.43% of the stock is owned by institutional investors and hedge funds.

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.