Shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.46 and traded as low as $4.39. OptimumBank shares last traded at $4.40, with a volume of 3,450 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen began coverage on shares of OptimumBank in a report on Sunday, May 18th. They issued a "hold" rating on the stock.
View Our Latest Stock Report on OPHC
OptimumBank Trading Down 0.9%
The firm has a market capitalization of $51.35 million, a PE ratio of 3.31 and a beta of 0.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. The company's 50-day moving average price is $4.39 and its 200-day moving average price is $4.44.
Institutional Trading of OptimumBank
Several hedge funds have recently made changes to their positions in OPHC. Alliancebernstein L.P. lifted its stake in shares of OptimumBank by 20.7% in the fourth quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank's stock valued at $1,717,000 after purchasing an additional 61,971 shares during the period. Renaissance Technologies LLC boosted 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 buying an additional 19,971 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 purchasing an additional 2,611 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of OptimumBank by 24.8% in 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 period. 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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