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

Equities research analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note issued on Thursday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Stock Down 0.8 %

Shares of NASDAQ OPHC opened at $4.90 on Thursday. OptimumBank has a 52-week low of $3.60 and a 52-week high of $5.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $49.44 million, a P/E ratio of 3.71 and a beta of 0.36. The firm has a 50 day moving average price of $4.82 and a 200 day moving average price of $4.61.

Institutional Trading of OptimumBank

A number of large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in 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. Renaissance Technologies LLC lifted its holdings in shares of OptimumBank by 21.4% during the 2nd 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 in the last quarter. Geode Capital Management LLC grew its position in shares of 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. Finally, Fourthstone LLC bought a new stake in OptimumBank during the 3rd quarter worth approximately $323,000. 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.