10 Cheap Growth Stocks to Buy Now

3. OptimumBank Holdings Inc. (NYSE:OPHC)

Price to Earnings ratio: 3.26

OptimumBank Holdings Inc. (NYSE:OPHC) is the bank holding company for OptimumBank, a state-chartered community bank serving individual and corporate customers in Broward County, Florida.

The company participated in the 2025 Sequire Investor Summit in Puerto Rico on January 21-23, 2025, using the platform to present its strategic initiatives to potential investors. This move aligns with the bank’s efforts to expand its market visibility and attract new investment. Meanwhile, on January 28, 2025, longtime board member Martin Schmidt resigned, ending nearly a decade of service. During his tenure, Schmidt played a key role in navigating regulatory challenges and contributing to the bank’s expansion.

OptimumBank Holdings Inc. (NYSE:OPHC) delivered a significant increase in profitability for the full year 2024. It reported net income of $13.1 million, more than doubling from $6.3 million in 2023. Earnings per share rose to $1.39 basic and $1.33 diluted, compared to $0.87 per share in the prior year. Net interest income surged 46.3% to $34.7 million, fueled by a 43.1% increase in interest-earning assets. Noninterest income climbed 33.9% to $4.6 million, driven by higher service charges.