Research analysts at StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC - Get Free Report) in a research report issued on Saturday. The brokerage set a "hold" rating on the bank's stock.
OptimumBank Stock Performance
NASDAQ OPHC opened at $4.61 on Friday. The stock has a market cap of $54.17 million, a P/E ratio of 3.49 and a beta of 0.46. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. OptimumBank has a twelve month low of $3.53 and a twelve month high of $5.90. The company's 50-day simple moving average is $4.15 and its 200 day simple moving average is $4.54.
Institutional Investors Weigh In On OptimumBank
A number of hedge funds have recently made changes to their positions in OPHC. Dimensional Fund Advisors LP increased its holdings in OptimumBank by 4.1% during the 4th 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 in the last quarter. Renaissance Technologies LLC increased its stake in shares of 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 buying an additional 19,971 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 buying an additional 30,202 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in OptimumBank by 20.7% during the 4th 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. Institutional investors and hedge funds own 7.43% of the company's stock.
OptimumBank Company Profile
(
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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