Stock analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC - Get Free Report) in a report issued on Monday. The brokerage set a "hold" rating on the bank's stock.
OptimumBank Price Performance
NASDAQ:OPHC traded down $0.04 during trading hours on Monday, reaching $5.10. 65,187 shares of the company were exchanged, compared to its average volume of 19,589. The stock's 50-day moving average is $4.68 and its 200-day moving average is $4.53. OptimumBank has a twelve month low of $3.17 and a twelve month high of $5.90. The firm has a market cap of $51.46 million, a PE ratio of 4.36 and a beta of 0.36. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.43.
Institutional Trading of OptimumBank
Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of OptimumBank by 52.2% in the second 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 during the last quarter. Renaissance Technologies LLC raised its holdings in OptimumBank by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank's stock valued at $225,000 after acquiring an additional 9,228 shares during the last quarter. Geode Capital Management LLC lifted 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. Fourthstone LLC acquired a new position in shares of OptimumBank during the 3rd quarter worth approximately $323,000. Finally, EJF Capital LLC purchased a new stake in OptimumBank in the 1st quarter valued at $1,100,000. 7.43% of the stock is currently owned by hedge funds and other institutional investors.
OptimumBank Company Profile
(
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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