OptimumBank Holdings, Inc. (NASDAQ:OPHC - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.44 and traded as low as $4.41. OptimumBank shares last traded at $4.51, with a volume of 21,111 shares changing hands.
Analyst Ratings Changes
Separately, Wall Street Zen started 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 OptimumBank
OptimumBank Trading Up 1.3%
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 company has a 50-day simple moving average of $4.43 and a 200 day simple moving average of $4.44. The firm has a market cap of $53.00 million, a PE ratio of 3.42 and a beta of 0.49.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in OptimumBank by 24.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank's stock valued at $118,000 after purchasing an additional 5,720 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in OptimumBank by 4.1% in 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. Renaissance Technologies LLC lifted its stake in OptimumBank by 17.1% in the 4th 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. Finally, Alliancebernstein L.P. lifted its stake in OptimumBank by 20.7% in the 4th 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. 7.43% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
