StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC - Get Free Report) in a note issued to investors on Sunday. The firm set a "hold" rating on the bank's stock.
OptimumBank Stock Up 10.0 %
Shares of OPHC stock traded up $0.50 during trading hours on Friday, reaching $5.48. 96,985 shares of the stock were exchanged, compared to its average volume of 22,572. The business's fifty day moving average is $4.62 and its two-hundred day moving average is $4.50. The firm has a market capitalization of $53.05 million, a P/E ratio of 4.64 and a beta of 0.36. OptimumBank has a 12-month low of $3.16 and a 12-month high of $5.48. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 1.13.
Institutional Trading of OptimumBank
Hedge funds and other institutional investors have recently bought and sold shares of the business. EJF Capital LLC acquired a new stake in OptimumBank during the 1st quarter worth $1,100,000. Dimensional Fund Advisors LP lifted its stake in 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. Finally, Renaissance Technologies LLC boosted its holdings in shares of OptimumBank by 21.4% in the second 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 period. 7.43% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
Before you consider OptimumBank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OptimumBank wasn't on the list.
While OptimumBank currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
