OptimumBank (NASDAQ:OPHC) Now Covered by Analysts at StockNews.com

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

OptimumBank Stock Down 0.8 %

Shares of OPHC stock opened at $5.10 on Monday. The stock has a market cap of $51.46 million, a P/E ratio of 4.32 and a beta of 0.36. OptimumBank has a one year low of $3.17 and a one year high of $5.90. The stock has a fifty day moving average price of $4.69 and a 200 day moving average price of $4.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. EJF Capital LLC bought a new position in OptimumBank in the first quarter worth $1,100,000. Geode Capital Management LLC lifted its position in OptimumBank by 59.0% in the third quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock worth $372,000 after purchasing an additional 30,202 shares during the period. Fourthstone LLC bought a new position in OptimumBank in the third quarter worth $323,000. Renaissance Technologies LLC lifted its position in OptimumBank by 21.4% in the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after purchasing an additional 9,228 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in OptimumBank by 52.2% in the second 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 during the period. 7.43% of the stock is owned by institutional investors.

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.