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

Stock analysts at StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note issued to investors on Sunday. The firm set a “hold” rating on the bank’s stock.

OptimumBank Stock Performance

Shares of OPHC stock opened at $4.54 on Friday. The business’s 50 day simple moving average is $4.20 and its 200 day simple moving average is $4.54. OptimumBank has a one year low of $3.53 and a one year high of $5.90. The stock has a market capitalization of $53.35 million, a PE ratio of 3.44 and a beta of 0.46. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12.

Hedge Funds Weigh In On OptimumBank

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in OptimumBank by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock valued at $315,000 after buying an additional 2,611 shares during the period. Renaissance Technologies LLC lifted its stake in OptimumBank by 17.1% in the fourth 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 during the period. Alliancebernstein L.P. lifted its stake in 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 buying an additional 61,971 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in OptimumBank by 24.8% in the first quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock valued at $118,000 after buying an additional 5,720 shares during the period. 7.43% of the stock is owned by institutional investors and hedge funds.

OptimumBank Company Profile

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.