StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a research note released on Saturday. The firm issued a hold rating on the bank’s stock.
OptimumBank Trading Down 1.4 %
Shares of NASDAQ:OPHC opened at $4.11 on Friday. OptimumBank has a 52 week low of $4.00 and a 52 week high of $5.90. The company’s 50 day moving average is $4.46 and its two-hundred day moving average is $4.64. The company has a market cap of $48.30 million, a PE ratio of 3.11 and a beta of 0.36. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43.
Institutional Investors Weigh In On OptimumBank
Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in OptimumBank by 4.1% in the fourth 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 during the last quarter. Geode Capital Management LLC boosted its holdings 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 buying an additional 30,202 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of OptimumBank by 17.1% in the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock valued at $650,000 after buying an additional 19,971 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake 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. Institutional investors and hedge funds own 7.43% of the company’s stock.
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.
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