StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC - Free Report) in a research note published on Saturday. The firm issued a hold rating on the bank's stock.
OptimumBank Trading Up 1.6%
NASDAQ OPHC traded up $0.08 on Friday, reaching $4.71. The company had a trading volume of 7,195 shares, compared to its average volume of 34,309. The stock's 50 day moving average is $4.18 and its 200-day moving average is $4.54. The stock has a market cap of $55.29 million, a price-to-earnings ratio of 3.56 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 52 week low of $3.53 and a 52 week high of $5.90.
Institutional Investors Weigh In On OptimumBank
Several large investors have recently modified their holdings of OPHC. Geode Capital Management LLC increased 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 worth $372,000 after acquiring an additional 30,202 shares in the last quarter. Alliancebernstein L.P. increased its holdings 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 acquiring an additional 61,971 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of OptimumBank by 17.1% in the fourth quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank's stock worth $650,000 after acquiring an additional 19,971 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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. 7.43% of the stock is currently owned by institutional investors.
OptimumBank Company Profile
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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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