OptimumBank (NASDAQ:OPHC) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the bank’s stock.

OptimumBank Trading Up 0.2 %

Shares of OptimumBank stock opened at $4.40 on Friday. OptimumBank has a 1 year low of $3.53 and a 1 year high of $5.90. The company has a market capitalization of $51.70 million, a price-to-earnings ratio of 3.33 and a beta of 0.31. The business has a fifty day simple moving average of $4.14 and a two-hundred day simple moving average of $4.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Alliancebernstein L.P. grew its position in shares of OptimumBank by 20.7% in the fourth 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. Renaissance Technologies LLC grew its holdings 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 buying an additional 19,971 shares in the last quarter. Geode Capital Management LLC increased its position in OptimumBank by 59.0% during the 3rd quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock worth $372,000 after buying an additional 30,202 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of OptimumBank by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock worth $315,000 after buying an additional 2,611 shares in the last quarter. 7.43% of the stock is owned by institutional investors.

About OptimumBank

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.