OptimumBank (NASDAQ:OPHC) Shares Pass Above 50 Day Moving Average – Here’s Why

Shares of OptimumBank Holdings, Inc. (NASDAQ:OPHC) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.87 and traded as high as $5.09. OptimumBank shares last traded at $4.98, with a volume of 9,653 shares.

OptimumBank Trading Down 0.6%

The company has a 50 day simple moving average of $4.87 and a 200 day simple moving average of $4.41. The company has a market capitalization of $60.59 million, a PE ratio of 3.77 and a beta of 0.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12.

Insider Activity at OptimumBank

In related news, insider Timothy Terry sold 39,304 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $4.73, for a total transaction of $185,907.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.91% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fourthstone LLC grew its holdings in shares of OptimumBank by 44.6% during the second quarter. Fourthstone LLC now owns 500,853 shares of the bank’s stock worth $2,239,000 after buying an additional 154,399 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of OptimumBank by 22.0% in the third quarter. Alliancebernstein L.P. now owns 652,860 shares of the bank’s stock worth $2,677,000 after buying an additional 117,841 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of OptimumBank by 22.0% in the third 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 in the last quarter. Renaissance Technologies LLC boosted its position in OptimumBank by 16.4% during the fourth quarter. Renaissance Technologies LLC now owns 110,200 shares of the bank’s stock worth $468,000 after acquiring an additional 15,500 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its position in OptimumBank by 112.2% during the third quarter. Susquehanna International Group LLP now owns 46,460 shares of the bank’s stock worth $190,000 after acquiring an additional 24,569 shares during the last quarter. Hedge funds and other institutional investors own 7.43% of the company’s stock.

About OptimumBank

OptimumBank, Inc (NASDAQ:OPHC) is a Texas-chartered commercial bank holding company headquartered in Dallas, Texas, with community banking operations primarily in Texas and South Florida. Founded in 2005, OptimumBank delivers a full suite of deposit and lending products designed to meet the needs of small-to-medium sized businesses, real estate developers, and individual consumers. Through its network of full-service branches and digital platforms, the bank focuses on relationship-driven banking and personalized service.

On the lending side, OptimumBank offers commercial real estate financing, including construction loans, permanent mortgage loans, and land acquisition facilities.