StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC – Free Report) in a report published on Tuesday morning. The firm issued a hold rating on the bank’s stock.
OptimumBank Stock Performance
Shares of OPHC stock opened at $4.73 on Tuesday. The company has a market capitalization of $47.73 million, a price-to-earnings ratio of 3.58 and a beta of 0.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. OptimumBank has a one year low of $3.28 and a one year high of $5.90. The company’s 50-day moving average is $4.73 and its 200 day moving average is $4.56.
Hedge Funds Weigh In On OptimumBank
A number of hedge funds have recently added to or reduced their stakes in OPHC. Dimensional Fund Advisors LP increased its holdings 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 worth $112,000 after purchasing an additional 8,960 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of OptimumBank by 21.4% during the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock valued at $225,000 after buying an additional 9,228 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of OptimumBank by 59.0% during the third 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 during the last quarter. Finally, Fourthstone LLC purchased a new position in OptimumBank in the 3rd quarter worth about $323,000. 7.43% of the stock is currently owned by hedge funds and other 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.
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