FORT LAUDERDALE, Fla.—Michael Blisko, a director at OptimumBank Holdings, Inc. (NASDAQ:OPHC), reported a sale of 1,000 shares of common stock, according to a recent SEC filing. The transaction, executed on July 16, 2024, was priced at $4.48 per share, resulting in a total value of $4,480. Following this sale, Blisko retains ownership of 597,388 shares in the company. OptimumBank Holdings, headquartered in Fort Lauderdale, operates as a national commercial bank.
InvestingPro Insights
While Michael Blisko's recent sale of OptimumBank Holdings (NASDAQ:OPHC) shares may raise eyebrows, a closer look at the company's financials reveals some intriguing aspects. According to InvestingPro data, OptimumBank is currently trading at a remarkably low earnings multiple, with a P/E ratio of 3.74. This suggests that the stock might be undervalued relative to its earnings potential.
The bank's financial performance has been noteworthy, with revenue growth of 59.23% over the last twelve months as of Q2 2024. This robust growth is further emphasized by a quarterly revenue increase of 72.23% in Q2 2024. These figures indicate that OptimumBank is experiencing significant expansion in its business operations.
InvestingPro Tips highlight that OptimumBank has been profitable over the last twelve months, which aligns with its strong revenue growth. However, it's worth noting that the company does not pay a dividend to shareholders, which may be a consideration for income-focused investors.
For those interested in a deeper analysis, InvestingPro offers additional tips and insights on OptimumBank Holdings. Currently, there are 4 more tips available on the InvestingPro platform, providing a more comprehensive view of the company's financial health and market position.
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