Investment analysts at StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC - Get Free Report) in a research report issued on Friday. The firm set a "hold" rating on the bank's stock.
OptimumBank Stock Performance
Shares of OptimumBank stock opened at $4.39 on Friday. The company has a market cap of $51.59 million, a P/E ratio of 3.33 and a beta of 0.31. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $4.14 and a two-hundred day moving average price of $4.54. OptimumBank has a 1-year low of $3.53 and a 1-year high of $5.90.
Hedge Funds Weigh In On OptimumBank
A number of institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. increased its stake in shares of OptimumBank by 20.7% in the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank's stock valued at $1,717,000 after acquiring an additional 61,971 shares in the last quarter. Renaissance Technologies LLC increased its stake in OptimumBank by 17.1% in the fourth 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. Geode Capital Management LLC increased its stake in OptimumBank by 59.0% in the third 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. Finally, Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 2,611 shares during the period. 7.43% of the stock is currently owned by institutional investors.
About OptimumBank
(
Get Free Report)
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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