OptimumBank (NASDAQ:OPHC) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

OptimumBank Holdings, Inc. (NASDAQ:OPHC) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.33 and traded as low as $3.94. OptimumBank shares last traded at $3.98, with a volume of 17,252 shares.

OptimumBank Price Performance

The firm has a market cap of $46.77 million, a PE ratio of 3.02 and a beta of 0.40. 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 stock has a 50 day moving average price of $4.12 and a two-hundred day moving average price of $4.33.

Hedge Funds Weigh In On OptimumBank

A number of institutional investors have recently modified their holdings of OPHC. Arcus Capital Partners LLC acquired a new position in shares of OptimumBank in the third quarter worth about $47,000. Brown Advisory Inc. acquired a new position in OptimumBank during the second quarter worth $89,000. Goldman Sachs Group Inc. grew its holdings in shares of 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 purchasing an additional 5,720 shares during the period. Vanguard Group Inc. increased its holdings in shares of OptimumBank by 22.0% during the 3rd quarter. Vanguard Group Inc. now owns 385,823 shares of the bank’s stock worth $1,582,000 after buying an additional 69,532 shares during the last quarter. Finally, Fourthstone LLC increased its position in shares of OptimumBank by 44.6% during the 2nd quarter. Fourthstone LLC now owns 500,853 shares of the bank’s stock worth $2,239,000 after purchasing an additional 154,399 shares during the last quarter. Hedge funds and other institutional investors own 7.43% of the company’s stock.

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.