Research analysts at StockNews.com assumed coverage on shares of OptimumBank (NASDAQ:OPHC - Get Free Report) in a research note issued on Thursday. The brokerage set a "hold" rating on the bank's stock.
OptimumBank Price Performance
Shares of OptimumBank stock traded up $0.02 during trading on Thursday, hitting $4.94. 20,182 shares of the company were exchanged, compared to its average volume of 24,599. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average price of $4.81 and a 200 day moving average price of $4.61. The stock has a market capitalization of $49.84 million, a price-to-earnings ratio of 3.74 and a beta of 0.36. OptimumBank has a fifty-two week low of $3.52 and a fifty-two week high of $5.90.
Institutional Trading of OptimumBank
A number of hedge funds have recently bought and sold shares of OPHC. Dimensional Fund Advisors LP increased 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 purchasing an additional 8,960 shares during the last quarter. Renaissance Technologies LLC raised its stake in OptimumBank by 21.4% during the second quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank's stock worth $225,000 after purchasing an additional 9,228 shares during the period. Fourthstone LLC purchased a new position in shares of OptimumBank in the 3rd quarter worth $323,000. Finally, Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 30,202 shares in the last quarter. Institutional investors and hedge funds own 7.43% of the company's stock.
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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