OptimumBank (NASDAQ:OPHC) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Trading Down 1.3 %

OPHC stock opened at $4.72 on Tuesday. The company has a market capitalization of $47.62 million, a PE ratio of 3.58 and a beta of 0.37. OptimumBank has a one year low of $3.90 and a one year high of $5.90. The company’s 50 day moving average price is $4.71 and its two-hundred day moving average price is $4.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in shares of OptimumBank by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock valued at $112,000 after buying an additional 8,960 shares in the last quarter. Geode Capital Management LLC boosted its stake in OptimumBank by 59.0% in the 3rd quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock worth $372,000 after purchasing an additional 30,202 shares in the last quarter. Alliancebernstein L.P. lifted its stake in OptimumBank by 20.7% during the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock valued at $1,717,000 after acquiring an additional 61,971 shares during the period. Finally, Fourthstone LLC bought a new position in OptimumBank during the 3rd quarter valued at about $323,000. 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.