Michael Blisko Sells 7,600 Shares of OptimumBank (NASDAQ:OPHC) Stock

OptimumBank Holdings, Inc. (NASDAQ:OPHC) Director Michael Blisko sold 7,600 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $4.09, for a total transaction of $31,084.00. Following the transaction, the director owned 604,645 shares in the company, valued at $2,472,998.05. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

OptimumBank Price Performance

Shares of OptimumBank stock opened at $4.21 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. OptimumBank Holdings, Inc. has a 52-week low of $3.53 and a 52-week high of $5.04. The company has a fifty day moving average of $4.09 and a 200-day moving average of $4.28. The stock has a market capitalization of $48.56 million, a price-to-earnings ratio of 3.19 and a beta of 0.29.

Institutional Investors Weigh In On OptimumBank

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in OptimumBank by 24.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,809 shares of the bank’s stock valued at $118,000 after acquiring an additional 5,720 shares during the period. Alliancebernstein L.P. lifted its position in OptimumBank by 22.0% in the third quarter. Alliancebernstein L.P. now owns 652,860 shares of the bank’s stock valued at $2,677,000 after purchasing an additional 117,841 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of OptimumBank by 22.0% during the third quarter. Vanguard Group Inc. now owns 385,823 shares of the bank’s stock valued at $1,582,000 after purchasing an additional 69,532 shares during the period. Susquehanna International Group LLP grew its holdings in shares of OptimumBank by 112.2% in the third quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock worth $190,000 after purchasing an additional 24,569 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new position in shares of OptimumBank in the second quarter worth $89,000. 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.