StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC - Free Report) in a research note issued to investors on Friday morning. The firm issued a hold rating on the bank's stock.
OptimumBank Trading Up 0.7 %
OptimumBank stock traded up $0.03 during midday trading on Friday, reaching $4.51. The stock had a trading volume of 10,005 shares, compared to its average volume of 34,093. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The firm has a market cap of $53.00 million, a price-to-earnings ratio of 3.42 and a beta of 0.46. OptimumBank has a 52-week low of $3.53 and a 52-week high of $5.90. The company has a fifty day moving average of $4.14 and a 200 day moving average of $4.54.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. grew its stake in OptimumBank by 20.7% in the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank's stock worth $1,717,000 after acquiring an additional 61,971 shares in the last quarter. Geode Capital Management LLC raised its position in 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 purchasing an additional 30,202 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of OptimumBank by 17.1% in the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank's stock worth $650,000 after buying an additional 19,971 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of OptimumBank by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank's stock valued at $315,000 after buying an additional 2,611 shares during the period. 7.43% of the stock is currently owned by institutional investors.
About OptimumBank
(
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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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