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

Key Points

• OptimumBank's share price has fallen below its 200-day moving average of $4.37, trading at $4.30 with a volume of 24,411 shares.
• Wall Street Zen has issued a "hold" rating on OptimumBank shares, indicating a cautious outlook for the stock.
• Major institutional investors such as Fourthstone LLC and Goldman Sachs Group Inc. have significantly increased their stake in OptimumBank, reflecting a growing interest in the company's potential.

OptimumBank Holdings, Inc. (NASDAQ:OPHC - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.37 and traded as low as $4.30. OptimumBank shares last traded at $4.30, with a volume of 24,411 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on OptimumBank in a research report on Sunday, May 18th. They set a "hold" rating for the company.

OptimumBank Price Performance

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $49.94 million, a PE ratio of 3.22 and a beta of 0.50. The company has a fifty day moving average price of $4.45 and a two-hundred day moving average price of $4.36.

Institutional Trading of OptimumBank

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fourthstone LLC lifted its holdings in shares of OptimumBank by 44.6% in the 2nd quarter. Fourthstone LLC now owns 500,853 shares of the bank's stock valued at $2,239,000 after purchasing an additional 154,399 shares during the last quarter. Brown Advisory Inc. purchased a new stake in OptimumBank during the 2nd quarter valued at approximately $89,000. Goldman Sachs Group Inc. raised its stake in OptimumBank by 24.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank's stock valued at $118,000 after acquiring an additional 5,720 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 2,611 shares during the last quarter. 7.43% of the stock is owned by hedge funds and other institutional investors.

About OptimumBank

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.