Fourthstone LLC Takes $323,000 Position in OptimumBank Holdings, Inc. (NASDAQ:OPHC)

Fourthstone LLC acquired a new position in shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 70,760 shares of the bank’s stock, valued at approximately $323,000. Fourthstone LLC owned 0.70% of OptimumBank as of its most recent SEC filing.

Separately, Dimensional Fund Advisors LP raised 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 valued at $112,000 after purchasing an additional 8,960 shares during the period. Hedge funds and other institutional investors own 7.43% of the company’s stock.

OptimumBank Stock Down 0.6 %

Shares of OPHC stock traded down $0.03 during trading on Thursday, reaching $4.73. The company’s stock had a trading volume of 30,313 shares, compared to its average volume of 24,073. The company has a market cap of $47.73 million, a price-to-earnings ratio of 3.58 and a beta of 0.36. OptimumBank Holdings, Inc. has a one year low of $3.28 and a one year high of $5.90. The business has a fifty day moving average price of $4.73 and a 200-day moving average price of $4.56. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on OptimumBank in a report on Tuesday. They set a “hold” rating for the company.

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.