Equities researchers at StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC - Get Free Report) in a report issued on Sunday. The firm set a "hold" rating on the bank's stock.
OptimumBank Stock Performance
NASDAQ:OPHC opened at $4.60 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. OptimumBank has a 12-month low of $3.53 and a 12-month high of $5.90. The stock has a 50-day moving average price of $4.19 and a 200 day moving average price of $4.54. The stock has a market capitalization of $54.05 million, a P/E ratio of 3.48 and a beta of 0.46.
Institutional Trading of OptimumBank
Several institutional investors have recently made changes to their positions in OPHC. Alliancebernstein L.P. grew its position in shares of OptimumBank by 20.7% during the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank's stock worth $1,717,000 after purchasing an additional 61,971 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of OptimumBank by 17.1% during the fourth quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank's stock worth $650,000 after purchasing an additional 19,971 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of OptimumBank by 24.8% during the first quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank's stock worth $118,000 after purchasing an additional 5,720 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position 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 worth $315,000 after purchasing an additional 2,611 shares in the last quarter. Hedge funds and other institutional investors 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider OptimumBank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OptimumBank wasn't on the list.
While OptimumBank currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
