StockNews.com started coverage on shares of OptimumBank (NASDAQ:OPHC - Free Report) in a report published on Wednesday. The firm issued a hold rating on the bank's stock.
OptimumBank Stock Performance
Shares of OPHC stock traded down $0.08 on Wednesday, hitting $5.03. The company's stock had a trading volume of 45,538 shares, compared to its average volume of 24,508. OptimumBank has a fifty-two week low of $3.42 and a fifty-two week high of $5.90. The stock's 50 day moving average is $4.76 and its 200-day moving average is $4.58. 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 has a market capitalization of $50.75 million, a PE ratio of 3.87 and a beta of 0.36.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings 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 worth $112,000 after acquiring 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 buying an additional 9,228 shares during the last quarter. Fourthstone LLC bought a new position in OptimumBank in the 3rd quarter valued at approximately $323,000. Finally, Geode Capital Management LLC raised its holdings in OptimumBank by 59.0% in the 3rd quarter. Geode Capital Management LLC now owns 81,411 shares of the bank's stock valued at $372,000 after buying an additional 30,202 shares during the last quarter. Institutional investors own 7.43% of the company's stock.
OptimumBank Company Profile
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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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