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Last $1.01 USD
Change Today +0.02 / 2.02%
Volume 9.9K
OPHC On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

optimumbank holdings inc (OPHC) Snapshot

Open
$1.06
Previous Close
$0.99
Day High
$1.06
Day Low
$1.01
52 Week High
07/24/14 - $1.60
52 Week Low
10/30/14 - $0.57
Market Cap
9.6M
Average Volume 10 Days
12.4K
EPS TTM
--
Shares Outstanding
9.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OPTIMUMBANK HOLDINGS INC (OPHC)

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optimumbank holdings inc (OPHC) Details

OptimumBank Holdings, Inc. operates as the bank holding company for OptimumBank that provides commercial banking services to individual and corporate customers in Florida. The company accepts various deposit products, including demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, NOW accounts, and time deposits. Its loan portfolio includes real estate, commercial, and consumer loans to individuals, and small businesses and other organizations. The company also offers debit cards, cash management, direct deposits, notary services, money orders, night depository, travelers' checks, cashier's checks, domestic collections, savings bonds, bank drafts, automated teller services, drive-in tellers, and banking by mail. In addition, it engages in holding, managing, and disposing of foreclosed real estate. The company operates through three banking offices located in Broward County, Florida. OptimumBank Holdings, Inc. was founded in 2000 and is based in Fort Lauderdale, Florida.

17 Employees
Last Reported Date: 04/2/15
Founded in 2000

optimumbank holdings inc (OPHC) Top Compensated Officers

Principal Executive Officer, Chief Operating ...
Total Annual Compensation: $144.2K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $125.0K
Chief Executive Officer of Optimumbank and Pr...
Total Annual Compensation: $225.0K
Chief Lending Officer of OptimumBank, Chief C...
Total Annual Compensation: $180.0K
Compensation as of Fiscal Year 2014.

optimumbank holdings inc (OPHC) Key Developments

Optimumbank Holdings Receives Delisting Notice From NASDAQ; Plans to Appeal NASDAQ’s decision

As previously disclosed, on December 12, 2014, Sam Borek, a member of the Optimumbank Holdings, Inc. ‘s Board of Directors and Audit Committee, passed away. Mr. Borek’s death reduced the number of members of the Company’s Audit Committee to two. Under Rule 4350(d)(2)(A) of the Nasdaq Stock Market, the Company is required to have an audit committee of at least three members (the “Audit Committee Requirement”), each of whom must be independent. On April 15, 2015, the Company received a letter from NASDAQ indicating that the Company was no longer in compliance with the Audit Committee Requirement. Pursuant to Rule 5605(c)(4), the Company was provided a cure period until June 9, 2015 to comply with the requirement. The Company is currently seeking to add two new directors. However, the addition of the new directors is subject to the approval of the Board of Governors of the Federal Reserve System, which has not yet been received. On June 11, 2015, the Company received a letter from NASDAQ indicating that due to the Company’s inability to comply with the Audit Committee Requirement, NASDAQ had initiated procedures to delist the Company’s securities from The Nasdaq Stock Market. The Company has the right to appeal NASDAQ’s determination. If the Company does not appeal this determination, the trading of its common stock will be suspended at the opening of business on June 22, 2015, and the Company’s common stock would no longer be listed on The Nasdaq Stock Market. The Company currently plans to appeal NASDAQ’s decision. Pending resolution of the Company’s appeal, its common stock will continue to be traded on The Nasdaq Stock Market.

OptimumBank Holdings Inc. Reports Earnings Results for the First Quarter Ended March 31, 2015

OptimumBank Holdings Inc. reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net loss of approximately $182,000, or $0.02 per basic share, as compared to net earnings for the same period last year of approximately $330,000, or $0.04 per basic share. The loss was due to shareholder related expenses such as NASDAQ listing services and one time compensation for select OPHC directors.

OptimumBank Holdings Receives Non-Compliance Notice From NASDAQ

As previously disclosed, on December 12, 2014, Sam Borek, a member of the OptimumBank Holdings Inc.’s Board of Directors and Audit Committee, passed away. Mr. Borek’s death reduced the number of members of the audit committee to two and thus caused the Company to become non-compliant with Rule 4350(d)(2)(A) of the Nasdaq Stock Market, which requires that every Nasdaq-listed company have an audit committee of at least three members. On April 15, 2015, the Company received a letter from NASDAQ indicating that the Company no longer complies with Rule 4350(d)(2)(A). NASDAQ provided the Company with a cure period in order to regain compliance as follows: until the earlier of the Company’s next annual shareholders’ meeting or December 12, 2015; or if the next annual shareholders’ meeting is held before June 9, 2015, then the Company must evidence compliance no later than June 9, 2015. The Company intends to add at least one additional independent member to the Audit Committee by the date required by Nasdaq Listing Rule 5605.

 

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Industry Analysis

OPHC

Industry Average

Valuation OPHC Industry Range
Price/Earnings 8.4x
Price/Sales 2.0x
Price/Book 3.1x
Price/Cash Flow 8.8x
TEV/Sales NM Not Meaningful
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