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OptimumBank (NASDAQ:OPHC) Stock Passes Below 200-Day Moving Average - Here's Why

OptimumBank logo with Finance background

OptimumBank Holdings, Inc. (NASDAQ:OPHC - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 initiated coverage on OptimumBank in a research report on Sunday, May 18th. They issued a "hold" rating on the stock.

View Our Latest Stock Analysis on OPHC

OptimumBank Stock Up 5.1%

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 capitalization of $53.58 million, a PE ratio of 3.45 and a beta of 0.49. The business has a 50-day moving average of $4.25 and a 200 day moving average of $4.48.

Institutional Investors Weigh In On OptimumBank

Several large investors have recently added to or reduced their stakes in OPHC. Goldman Sachs Group Inc. increased its stake 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. Dimensional Fund Advisors LP increased its stake in 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 acquiring an additional 2,611 shares during the last quarter. Renaissance Technologies LLC increased its stake 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. increased its stake 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 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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