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

StockNews.com initiated coverage on shares of OptimumBank (NASDAQ:OPHC) in a research note released on Sunday morning. The brokerage issued a hold rating on the bank’s stock.

OptimumBank Trading Up 0.4 %

Shares of NASDAQ:OPHC opened at $5.07 on Friday. The firm has a market cap of $51.16 million, a price-to-earnings ratio of 4.30 and a beta of 0.36. OptimumBank has a 12 month low of $3.17 and a 12 month high of $5.90. The company’s fifty day simple moving average is $4.65 and its 200 day simple moving average is $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.

Institutional Investors Weigh In On OptimumBank

Several institutional investors have recently bought and sold shares of OPHC. Dimensional Fund Advisors LP boosted its position in OptimumBank by 52.2% during 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 shares of OptimumBank by 21.4% during the 2nd quarter. Renaissance Technologies LLC now owns 52,428 shares of the bank’s stock worth $225,000 after purchasing an additional 9,228 shares in the last quarter. Finally, EJF Capital LLC acquired a new stake in shares of OptimumBank in the 1st quarter valued at approximately $1,100,000. Institutional investors 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.