Research analysts at StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC – Get Free Report) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the bank’s stock.
OptimumBank Trading Up 3.2 %
Shares of OptimumBank stock opened at $3.89 on Tuesday. OptimumBank has a 52 week low of $3.53 and a 52 week high of $5.90. The stock has a market capitalization of $45.71 million, a PE ratio of 2.95 and a beta of 0.31. The stock has a 50 day moving average price of $4.32 and a two-hundred day moving average price of $4.60. 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 Investors Weigh In On OptimumBank
A number of institutional investors have recently added to or reduced their stakes in OPHC. Dimensional Fund Advisors LP grew its holdings in shares of OptimumBank by 4.1% in the fourth 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 in the last quarter. Geode Capital Management LLC boosted its position in OptimumBank by 59.0% in the third 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 during the last quarter. Renaissance Technologies LLC grew its stake in OptimumBank by 17.1% in the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock valued at $650,000 after purchasing an additional 19,971 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of 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 purchasing an additional 61,971 shares during the last quarter. 7.43% of the stock is owned by institutional investors.
OptimumBank Company Profile
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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