10 Cheap Rising Stocks to Buy Right Now

3. OptimumBank Holdings, Inc. (NYSEAMERICAN:OPHC)

30-day returns: 16.54%

Forward P/E ratio: 6.11

OptimumBank Holdings, Inc. (NYSEAMERICAN:OPHC) is a bank holding company for OptimumBank, providing various commercial banking services to individuals and businesses.

The company held its annual shareholder meeting on April 29, in which it highlighted record-breaking financial results in 2024, which marked the strongest performance in the bank’s history. The management also shared a bold outlook for fiscal 2025 and laid out a strategic roadmap toward achieving $1 billion in assets.

OptimumBank Holdings, Inc. (NYSEAMERICAN:OPHC)’s total assets grew 18% in 2024 to $933 million, whereas equity increased 47% to $103 million. Net earnings for the year were posted at $13.1 million. Loans surpassed $800 million. Net interest margin stood at 3.83%, reaching a 10-year high. Core ROAE exceeded 23%.

Earlier in the year, in February, OptimumBank Holdings, Inc. (NYSEAMERICAN:OPHC) achieved Small Business Administration (SBA) preferred lender status, which will help in streamlining the SBA loan approval process for the Bank, allowing it to better service small businesses.

OptimumBank Holdings, Inc. (NYSEAMERICAN:OPHC)’s shares have gained nearly 17% over the past month. Given its low forward P/E ratio, it is among the cheap rising stocks to buy right now.