OPHC has a higher market value than only 3.96% of US stocks; more precisely, its current market capitalization is $9,429,573.
Equity multiplier, or assets relative to shareholders' equity, comes in at 17.28 for OptimumBank Holdings Inc; that's greater than it is for 97.6% of US stocks.
OptimumBank Holdings Inc's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is -111.77%, greater than the shareholder yield of just 3.27% of stocks in our set.
Stocks with similar financial metrics, market capitalization, and price volatility to OptimumBank Holdings Inc are BCBP, BWB, SFBS, ISTR, and TSC.
OPHC's SEC filings can be seen here. And to visit OptimumBank Holdings Inc's official web site, go to www.optimumbank.com.
Last year OptimumBank (the “Bank”) implemented various strategies to improve its earnings. This is on top of substantial growth in the 4th quarter of 2019 and despite the emerging COVID 19 crisis (more on this later). It also allows the bank to adjust prices to the current market which have recently fallen to near zero percent.
OptimumBank Holdings, Inc. (OPHC) (www.OptimumBank.com) (the “Company”), the parent company of OptimumBank, today announced that it has commenced a private offer to exchange (the “Exchange Offer”) its outstanding Trust Preferred Securities, upon the terms and subject to the conditions set forth in the confidential offering memorandum dated November 27, 2019 and related letter of transmittal (together, the “Offering Documents”). THE EXCHANGE OFFER WILL EXPIRE IMMEDIATELY AFTER 11:59 P.M., EASTERN TIME, ON DECEMBER 26, 2019, UNLESS EXTENDED (SUCH TIME AND DATE, AS IT MAY BE EXTENDED, THE “EXPIRATION DATE”). Under the Exchange Offer, the Company will issue shares of its common stock, par value $0.01 per share (the “Common Stock”), for Trust Preferred Securities.