OptimumBank (NASDAQ:OPHC) Earns Hold Rating from Analysts at StockNews.com

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

OptimumBank Stock Performance

Shares of OPHC stock opened at $4.85 on Tuesday. The business has a 50 day simple moving average of $4.72 and a 200 day simple moving average of $4.56. 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 firm has a market capitalization of $48.94 million, a price-to-earnings ratio of 3.67 and a beta of 0.36. OptimumBank has a 12-month low of $3.27 and a 12-month high of $5.90.

Hedge Funds Weigh In On OptimumBank

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of 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 during the period. Renaissance Technologies LLC raised its holdings in 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. Fourthstone LLC acquired a new stake in OptimumBank in the third quarter worth approximately $323,000. Finally, Geode Capital Management LLC boosted its stake in OptimumBank by 59.0% during 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 in 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.