OptimumBank (NASDAQ:OPHC) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note published on Wednesday morning. The firm issued a hold rating on the bank’s stock.

OptimumBank Stock Up 1.6 %

Shares of NASDAQ OPHC opened at $4.35 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. OptimumBank has a 12 month low of $4.00 and a 12 month high of $5.90. The firm has a market capitalization of $51.12 million, a PE ratio of 3.30 and a beta of 0.37. The firm has a fifty day simple moving average of $4.59 and a two-hundred day simple moving average of $4.69.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. increased its stake in shares of OptimumBank by 20.7% in 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. Renaissance Technologies LLC increased its stake in shares of OptimumBank by 17.1% in 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. Geode Capital Management LLC increased its stake 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 worth $372,000 after acquiring an additional 30,202 shares in the last quarter. Fourthstone LLC bought a new position in shares of OptimumBank in the 3rd quarter worth about $323,000. Finally, Dimensional Fund Advisors LP increased 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 worth $315,000 after acquiring an additional 2,611 shares in the last quarter. 7.43% of the stock is currently owned by institutional investors.

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.