OptimumBank (NASDAQ:OPHC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of OptimumBank (NASDAQ:OPHC) in a report published on Sunday. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Stock Up 0.4 %

Shares of OptimumBank stock opened at $5.07 on Friday. OptimumBank has a 12 month low of $3.17 and a 12 month high of $5.90. The business has a fifty day simple moving average of $4.65 and a 200 day simple moving average of $4.52. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The stock has a market cap of $51.16 million, a PE ratio of 4.30 and a beta of 0.36.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. EJF Capital LLC bought a new position in shares of OptimumBank during the first quarter worth $1,100,000. Dimensional Fund Advisors LP raised its stake in OptimumBank by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,114 shares of the bank’s stock worth $112,000 after buying an additional 8,960 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings 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 acquiring an additional 9,228 shares in the last quarter. Institutional investors and hedge funds own 7.43% of the company’s stock.

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.