OptimumBank (NASDAQ:OPHC) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

OptimumBank Holdings, Inc. (NASDAQ:OPHC)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.33 and traded as low as $3.94. OptimumBank shares last traded at $3.98, with a volume of 17,252 shares traded.

OptimumBank Stock Performance

The company has a market capitalization of $46.77 million, a P/E ratio of 3.02 and a beta of 0.40. The company’s 50 day moving average is $4.12 and its 200-day moving average is $4.33. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On OptimumBank

Several large investors have recently made changes to their positions in the business. Fourthstone LLC boosted its position in shares of OptimumBank by 44.6% in the 2nd quarter. Fourthstone LLC now owns 500,853 shares of the bank’s stock worth $2,239,000 after purchasing an additional 154,399 shares in the last quarter. Vanguard Group Inc. increased its position in OptimumBank by 22.0% during the 3rd quarter. Vanguard Group Inc. now owns 385,823 shares of the bank’s stock valued at $1,582,000 after buying an additional 69,532 shares in the last quarter. Brown Advisory Inc. purchased a new position in OptimumBank during the second quarter valued at $89,000. Arcus Capital Partners LLC purchased a new position in OptimumBank during the third quarter valued at $47,000. Finally, Goldman Sachs Group Inc. boosted its holdings in OptimumBank by 24.8% in the first quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock worth $118,000 after acquiring an additional 5,720 shares in the last quarter. 7.43% of the stock is currently owned by hedge funds and other 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.