OptimumBank (NASDAQ:OPHC) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a report issued on Saturday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Price Performance

OPHC opened at $4.17 on Friday. The stock has a fifty day simple moving average of $4.47 and a two-hundred day simple moving average of $4.65. The company has a market cap of $49.00 million, a price-to-earnings ratio of 3.16 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. OptimumBank has a 12-month low of $4.00 and a 12-month high of $5.90.

Institutional Trading of OptimumBank

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in OptimumBank by 4.1% in the fourth 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. Renaissance Technologies LLC increased its stake in OptimumBank by 17.1% during the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock valued at $650,000 after purchasing an additional 19,971 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of OptimumBank by 20.7% in the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock worth $1,717,000 after buying an additional 61,971 shares in the last quarter. Finally, Geode Capital Management LLC increased 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 acquiring an additional 30,202 shares in the last quarter. 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.