OptimumBank Holdings, Inc. (OPHC) vs Patriot National Bancorp Inc. (PNBK)

OptimumBank Holdings, Inc. and Patriot National Bancorp Inc. are both Banks Regional companies. OptimumBank Holdings, Inc. and Patriot National Bancorp Inc. are of similar size ($117.0M and $109.8M). Patriot National Bancorp Inc. has negative trailing earnings, so its P/E is not meaningful; OptimumBank Holdings, Inc. trades at 5.6×. OptimumBank Holdings, Inc. grew revenue faster over the last twelve months: 24.1% against 15.6%. OptimumBank Holdings, Inc. has the higher net margin (24.7% vs −9.76%) and the higher return on invested capital (62.5% vs 0.00%). Across the 16 metrics below, OptimumBank Holdings, Inc. leads on 12 and Patriot National Bancorp Inc. on 4.

Valuation

Metric OPHC PNBK Banks Regional median
P/E 5.60 n/m 12.15
P/S 1.76 1.75 2.37
P/B 1.09 1.32 1.21
Price to free cash flow 5.62 n/m 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.47 0.19 2.27
Earnings yield 17.85% (6.40%) 8.11%
Free cash flow yield 17.80% (15.75%) 8.98%

Profitability

Metric OPHC PNBK Banks Regional median
Gross margin 70.90% 58.32% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 24.72% (9.76%) 18.66%
Free cash flow margin 31.39% (27.60%) 21.18%
Return on equity 16.68% (8.72%) 10.64%
Return on assets 1.71% (0.58%) 1.13%
Return on invested capital 62.53% 0.00% 8.33%

Growth

Metric OPHC PNBK Banks Regional median
Revenue growth (TTM) 24.09% 15.58% 6.61%
EPS growth (last fiscal year) 7.02% 98.31% —
Revenue growth, 5-year CAGR 58.98% 7.91% 12.30%
Net income growth, 5-year CAGR 0.00% 0.00% 9.71%

Health

Metric OPHC PNBK Banks Regional median
Debt to equity 0.29 0.19 0.22
Current ratio 1.12 0.85 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric OPHC PNBK Banks Regional median
Dividend yield 0.74% — 3.75%
Payout ratio 0.00 0.00 0.27

Size

Metric OPHC PNBK Banks Regional median
Market cap 117.01m 109.84m 921.07m

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