On May 26, 2023, OptimumBank Holdings, Inc. (NASDAQ: OPHC) released its earnings report for the first quarter ending on March 31, 2023. The company experienced a significant increase in sales, reporting $5.79 million for the quarter, a 49.29% increase from the same period in the previous year. Additionally, the net interest income for the quarter was $5.06 million, compared to $3.23 million in the previous year. The net income for the quarter also saw a boost, with $1.15 million compared to $0.855 million in the previous year. The basic earnings per share from continuing operations was $0.16, down from $0.17 in the previous year. Finally, the pre-tax income for the quarter was $1,885,000.
OPHC Stock Performance and Analysis: May 26, 2023
On May 26, 2023, OPHC stock opened at 2.87, a slight decrease from the previous day’s close of 2.88. The day’s range remained within the same range, with a low of 2.87 and a high of 2.88. The volume for the day was only 9.
OPHC is a regional bank in the finance sector, and its revenue growth last year was +93.20%. However, its earnings growth was -58.16%, which is a significant decrease from the previous year. OPHC’s net profit margin is 17.61%.
Overall, OPHC’s stock performance on May 26, 2023, was relatively stable, with a slight decrease in the opening price compared to the previous day’s close. The low volume for the day suggests that there was little activity in the market for OPHC shares. However, the company’s strong revenue growth last year and undervalued ratios suggest that there may be potential for growth in the future. Investors should keep an eye on OPHC’s earnings growth and revenue growth in the coming years to determine if the company’s stock is a good investment opportunity.
OPHC Stock Remains Stable with No Significant Changes in EPS or Sales
On May 26, 2023, OPHC stock performances were relatively stable, with no significant changes in earnings per share (EPS) or sales. According to data sourced from CNN Money, there were no forecast data or recommendations available for OPHC stock.
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