StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a research report released on Thursday morning. The firm issued a hold rating on the bank’s stock.
OptimumBank Stock Down 0.8 %
Shares of NASDAQ:OPHC opened at $4.90 on Thursday. The stock’s 50-day moving average is $4.82 and its 200 day moving average is $4.62. The company has a market cap of $49.44 million, a PE ratio of 3.71 and a beta of 0.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12. OptimumBank has a 1 year low of $3.60 and a 1 year high of $5.90.
Institutional Investors Weigh In On OptimumBank
Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of OptimumBank by 52.2% during the second 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 in the last quarter. Renaissance Technologies LLC raised its position in OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after buying an additional 9,228 shares during the last quarter. Fourthstone LLC bought a new position in OptimumBank during the 3rd quarter valued at about $323,000. Finally, Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 30,202 shares during 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.
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