Details about some major losers from financial sector, during Tuesday’s trade are described below:
OptimumBank Holdings Inc. (NASDAQ:OPHC), traded in a 52-week range of $0.57 to $1.60, with shares dropped -10.00% at $0.99, as the bank holding company formerly on January 30, 2015, earned about $5.0 million for the fourth quarter and about $7.2 million year to date. The Bank now has had 12 successive months of solid profitability. In the fourth quarter, the Bank’s Tier 1 capital raised by $664,000 to $9,150,000 for a Tier 1 leverage ratio of 7.67%.
OptimumBank Holdings Inc. (NASDAQ:OPHC), operates as the bank holding company for OptimumBank that provides commercial banking services to individual and corporate customers in Florida.
Mercury General Corporation, (NYSE:MCY), declined -6.40% and settled at $53.07, soon after the board of directors declared a quarterly dividend of $0.6175 per share. The dividend will be paid on March 31, 2015 to shareholders of record on March 17, 2015.
Mercury General Corporation, (NYSE:MCY), together with its auxiliaries, writes personal automobile insurance solutions. It also writes homeowners, commercial automobile and property, mechanical breakdown, fire, and umbrella insurance.
Fifth Street Finance Corp. (NASDAQ:FSC), dipped nearly -3.74% to $6.95, hitting new 52-week low of $6.90, as a business development company, formerly declares its financial results for the first fiscal quarter ended December 31, 2014.
- Net investment revenue for the quarter ended December 31, 2014 was $35.2 million, or $0.23 per share;
- Net asset value per share was $9.17 as of December 31, 2014;
- We closed $716.6 million of investments during the quarter ended December 31, 2014; and
- Declared monthly distributions of $0.06 per share starting in March 2015 through August 2015.
Fifth Street Finance Corp. (NASDAQ:FSC), is a leading specialty finance company that provides custom-tailored financing solutions to small and mid-sized companies, primarily in connection with investments by private equity sponsors. The company originates and invests in one-stop financings, first lien, second lien, mezzanine debt and equity co-investments.
Associated Managers Group Inc. (NYSE:AMG), showed a negative movement of -0.70% to end at $213.25, hitting new 52-week high of $217.88, following the news that on January 27, a global asset administration company with equity investments in leading boutique investment administration firms, stated its financial and operating results for the fourth quarter and full year 2014.
For the fourth quarter of 2014, Economic earnings per share (“Economic EPS”) were $3.55, contrast to $3.66 for the same period of 2013; while diluted earnings per share for the fourth quarter of 2014 were $3.02, contrast to $2.79 for the same period of 2013. For the fourth quarter of 2014, Economic net revenue was $200.0 million, contrast to $202.9 million for the same period of 2013. For the fourth quarter of 2014, Net revenue was $172.6 million, contrast to $158.2 million for the same period of 2013. For the fourth quarter of 2014, EBITDA was $278.9 million, contrast to $301.5 million for the same period of 2013. (Economic EPS, Economic net revenue, and EBITDA are defined in the attached tables, together with comparisons to the appropriate GAAP measure.
Associated Managers Group Inc. (NYSE:AMG), is a global asset administration company with equity investments in leading boutique investment administration firms. AMG’s innovative partnership approach allows each Associate’s administration team to own noteworthy equity in their firm while maintaining operational autonomy. AMG’s strategy is to generate growth through the internal growth of existing Associates, in addition to through investments in new Associates.
National Penn Bancshares Inc. (NASDAQ:NPBC), traded in a 52-week range of $9.17 to $11.09, with shares dropped -0.84% at $10.60 in pre-market trade, as the bank holding company formerly, on February 4, 2015, declared the repurchase of $75 million of ordinary stock owned by Warburg Pincus. Based on a share price of $10.25, the repurchase aggregated about 7.3 million shares or about 40% of the outstanding ordinary shares owned by Warburg Pincus. Warburg Pincus maintains an 8.3% position in National Penn.
National Penn Bancshares Inc. (NASDAQ:NPBC), with about $9.8 billion in assets, is a bank holding company headquartered in Allentown, Pennsylvania. National Penn Bank operates 127 branch offices comprising 119 branches in Pennsylvania, seven in New Jersey and one in Maryland.
