OptimumBank Holdings, Inc. (NASDAQ:OPHC - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.52 and traded as low as $4.40. OptimumBank shares last traded at $4.43, with a volume of 3,310 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen initiated coverage on shares of OptimumBank in a report on Sunday, May 18th. They issued a "hold" rating for the company.
Read Our Latest Stock Analysis on OptimumBank
OptimumBank Stock Performance
The company has a market cap of $51.70 million, a price-to-earnings ratio of 3.33 and a beta of 0.46. 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 stock's fifty day simple moving average is $4.22 and its 200 day simple moving average is $4.50.
Institutional Trading of OptimumBank
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of OptimumBank by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank's stock worth $315,000 after buying an additional 2,611 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of OptimumBank by 24.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank's stock worth $118,000 after buying an additional 5,720 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of OptimumBank by 17.1% during the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank's stock worth $650,000 after buying an additional 19,971 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of OptimumBank by 20.7% during the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank's stock worth $1,717,000 after buying an additional 61,971 shares during the last quarter. Institutional investors and hedge funds own 7.43% of the company's stock.
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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