OptimumBank Holdings, Inc. (NASDAQ:OPHC - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.49 and traded as low as $4.36. OptimumBank shares last traded at $4.36, with a volume of 9,979 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen started coverage on shares of OptimumBank in a research note on Sunday, May 18th. They issued a "hold" rating for the company.
Check Out Our Latest Analysis on OptimumBank
OptimumBank Stock Down 0.5%
The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $51.00 million, a price-to-earnings ratio of 3.29 and a beta of 0.46. The firm's 50 day simple moving average is $4.23 and its 200-day simple moving average is $4.49.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in OPHC. Dimensional Fund Advisors LP grew its position 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 valued at $315,000 after purchasing an additional 2,611 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in 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 acquiring an additional 5,720 shares during the last quarter. Renaissance Technologies LLC boosted its position in 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 acquiring an additional 19,971 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in 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 acquiring an additional 61,971 shares during the last quarter. 7.43% of the stock is owned by hedge funds and other 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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