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, NOW, and time deposit accounts, as well as certificates of deposit; and offers residential and commercial real estate, multi-family real estate, commercial, land and construction, and consumer loans, as well as lending lines for working capital needs. The company also provides debit and ATM cards; investment, cash management, notary, and night depository services; and direct deposits, money orders, cashier's checks, domestic collections, and banking by mail, as well as Internet banking services. It operates through three banking offices located in Broward County, Florida. The company was founded in 2000 and is based in Fort Lauderdale, Florida.
IPO Year:
Exchange: NASDAQ
Website: optimumbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/23/2024 | $5.25 | Neutral | Compass Point |
8-K - OptimumBank Holdings, Inc. (0001288855) (Filer)
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Fort Lauderdale, FL, May 11, 2022 (GLOBE NEWSWIRE) -- Heng Fai Ambrose Chan has informed the Boards of OptimumBank (the "Bank") and OptimumBank Holding, Inc. (the "Company") that he will resign from both Boards effective as of April 30, 2022. In his letter of resignation, Mr. Chan, who resides in Singapore, noted that he was regrettably stepping down due to the time difference and his workload. Mr. Chan served as a Director of the Bank and Company since June 2018. During his time on the Boards, Mr. Chan helped create a path for the Bank and Company to recover from legacy regulatory issues, leaving the Bank with a strong capital structure, explosive growth and a bright future. Over the pas
Compass Point initiated coverage of OptimumBank Holdings with a rating of Neutral and set a new price target of $5.25
Fort Lauderdale, FL, Nov. 08, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ:OPHC) ("OptimumBank" or the "Company") today reported robust financial performance for the third quarter of 2024. For the three months ended September 30, 2024, the Company achieved net income of $3.3 million, or $0.34 per basic share and $0.32 per diluted share, compared to net income of $1.2 million, or $0.18 per basic and diluted share, for the same period in 2023. This reflects significant growth in both earnings and profitability year-over-year. Key Financial Highlights: ●Net interest income for the third quarter of 2024 reached $8.962 million, a significant increase of 51.5% from $5.914 mil
Fort Lauderdale, Florida--(Newsfile Corp. - November 8, 2024) - OptimumBank Holdings, Inc. (NASDAQ:OPHC) ("OptimumBank" or the "Company") today reported robust financial performance for the third quarter of 2024. For the three months ended September 30, 2024, the Company achieved net income of $3.3 million, or $0.34 per basic share and $0.32 per diluted share, compared to net income of $1.2 million, or $0.18 per basic and diluted share, for the same period in 2023. This reflects significant growth in both earnings and profitability year-over-year.Key Financial Highlights:Net interest income for the third quarter of 2024 reached $8.962 million, a significant increase of 51.5% from $5.914 mill
Fort Lauderdale, FL, Aug. 06, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ:OPHC) ("OptimumBank" or the "Company") today reported strong financial performance for the second quarter of 2024. For the three months ended June 30, 2024, the Company achieved net income of $3.5 million, or $.36 per basic share and $0.34 per diluted share, compared to net income of $1.3 million, or $0.18 per basic and diluted share, for the same period in 2023. This reflects significant growth in both earnings and profitability year-over-year. Key Financial Highlights: Comparison of the Three-Month Periods Ended June 30, 2024, and 2023: Net interest income for
FT. LAUDERDALE, Fla., May 23, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc. (NASDAQ:OPHC), announced today that it will hold the Annual Shareholder Meeting and Investor Day, on Wednesday, May 29, 2024, at the Company's headquarters in Ft. Lauderdale, Florida, as well as virtually by way of this Webcast Link, beginning at 10:00 am ET. If you are interested in attending, or participating virtually, please register at the link above or by emailing your contact information to Seth Denison at [email protected] and you will be provided with all of the necessary event details. For a copy of the Chairman of the Board's Letter to Shareholders, please visit Chairman's Letter.About Optim
Fort Lauderdale, FL, May 16, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc., (NASDAQ:OPHC) The Company had net earnings of $2.377 million for the 1st quarter ended March 31, 2024, compared with net earnings of $1.153 million for the 1st quarter ended March 31, 2023, an increase of 106%; in conjunction with $83 million of Stockholders' equity. The Company's only business is the ownership and operation of OptimumBank. To support future growth, the Company issued 2,311,552 common shares in a private placement transaction which closed in the first quarter. The Company ended the quarter with total assets of $940 million, loans (net of allowance for credit losses) of $746 million, and tota
MIAMI, May 08, 2024 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 70th Emerging Growth Conference on May 8 & 9, 2024. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Register for the Conference here. Submit Questions for any of the presenting companies to: [email protected] For updates, follow us on Twitter Day 2May 9, 2024 8:45Virtual Lobby opens.Register for the Conference. If you already registered, go back to the re
MIAMI, May 07, 2024 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 70th Emerging Growth Conference on May 8 & 9, 2024. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Register for the Conference here. Submit Questions for any of the presenting companies to: [email protected] For updates, follow us on Twitter Day 1May 8, 2024 10:30Virtual Lobby opens.Register for
MIAMI, April 03, 2024 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 69th Emerging Growth Conference on April 3 & 4, 2024. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Register for the Conference here. Submit Questions for any of the presenting companies to: [email protected] For updates, follow us on Twitter Day 2April 4, 2024 10:30Virtual Lobby opens.Register for the Conference. If you already registered, go back to
MIAMI, April 02, 2024 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 69th Emerging Growth Conference on April 3 & 4, 2024. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Register for the Conference here. Submit Questions for any of the presenting companies to: [email protected] For updates, follow us on Twitter Day 1April 3, 2024 10:00Virtual Lobby opens.Register for the Conference. If you alrea
Fort Lauderdale, FL, March 12, 2024 (GLOBE NEWSWIRE) -- OptimumBank Holdings, Inc., (NASDAQ:OPHC) The Company had net earnings of $6.3 million for the year ended December 31, 2023, compared to net earnings of $4.0 million for the year ended December 31, 2022 an increase of 56%; and with $70 million of Stockholders' equity. The Company's only business is the ownership and operation of OptimumBank. To facilitate growth, the Company issued 72,221 shares of its common stock in a private placement transaction to two accredited investors during the first quarter of 2023. The Company ended the year with total assets of $791 million, net loans of $671 million, and total deposits of $640 million.
Compass Point analyst Merrill Ross initiates coverage on OptimumBank Hldgs (NASDAQ:OPHC) with a Neutral rating and announces Price Target of $5.25.
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. New York Community Bancorp, Inc. (NYSE:NYCB) On Jan. 31, New York Community Bancorp reported worse-than-expected fourth-quarter fin
OptimumBank Hldgs (NASDAQ:OPHC) reported quarterly earnings of $0.18 per share. This is a 63.64 percent increase over earnings of $0.11 per share from the same period last year.
What is a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the financial services sector: Comerica (NYSE:CMA) - P/E: 5.4 Village Bank & Trust Finl (NASDAQ:VBFC) - P/E: 7.9 Associated Banc (NYSE:ASB) - P/E: 7.28 HSBC Holdings (NYSE:HSBC) - P/E: 6.8 OptimumBank Hldgs (NASDAQ:OPHC) - P/E: 4.34 This quarter, Comerica experienced a decrease in earnings per share, which was $2.39 in Q1 and is now $2.01. Most
OptimumBank Hldgs (NASDAQ:OPHC) reported quarterly earnings of $0.16 per share. This is a 5.88 percent decrease over earnings of $0.17 per share from the same period last year. The company reported $5.79 million in sales this quarter. This is a 49.29 percent increase over sales of $3.88 million the same period last year.
What is a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the financial services sector that may be worth watching: TriCo (NASDAQ:TCBK) - P/E: 8.32 OptimumBank Hldgs (NASDAQ:OPHC) - P/E: 4.25 Noah Holdings (NYSE:NOAH) - P/E: 7.14 Chemung Financial (NASDAQ:CHMG) - P/E: 5.57 Territ
OptimumBank Holdings, Inc. (OPHC-NASDAQ). OptimumBank, a Florida banking corporation (the "Bank") reports in first quarter of 2023 a pre-tax income of $1,885,000, after a loan loss provision of $765,000. Its loan portfolio increased this quarter to $502 million, or by 4% over the prior quarter's ending balance amount of $483 million. Despite the Federal Reserve raised the federal funds rate multiple times throughout last year, the Bank's net interest margin now portrays a positive trend of recovery beginning at 3.40% in January and reaching 3.66% at the end of March. Noninterest income including service charges on deposit accounts and fees for other banking services generated $729,000 in oth
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