2025 Microcap Stocks List | See The 10 Best Microcap Stocks Now

Published on March 24th, 2025 by Bob Ciura
Spreadsheet data updated daily

Micro-cap stocks are publicly-traded companies with market capitalizations between $50 million and $300 million. These represent the smallest companies in the stock market.

The total number of micro-cap stocks varies depending upon market conditions. Right now there are hundreds of micro-cap stocks, so there are plenty for investors to choose from.

As the smallest stocks, micro-caps could have stronger growth potential over the long run than large-cap stocks or mega-cap stocks.

At the same time, micro-cap stocks carry a number of unique risk factors to consider.

You can download a free spreadsheet of all 1400+ micro cap stocks right now (along with important financial metrics such as price-to-earnings ratios and dividend yields) by clicking on the link below:

 

The downloadable micro-cap stocks list above was curated from two leading micro-cap stock ETFs:

1. iShares Micro-Cap ETF (IWC)
2. First Trust Dow Jones Select Micro-Cap Index Fund (FDM)

This article includes a spreadsheet and table of all of our micro-cap stocks, as well as detailed analysis on our Top 10 micro-cap stocks today.

Keep reading to see the 10 best micro-cap stocks analyzed in detail.

The 10 Best Micro Cap Stocks Today

Now that we’ve defined what a micro-cap stock is, let’s take a look at the 10 best micro-cap stocks, as defined by our Sure Analysis Research Database.

The database ranks total expected annual returns, combining current yield, forecast earnings growth and any change in price from the valuation.

Note:  The Sure Analysis Research Database is focused on income producing securities. As a result, we do not track or rank securities that don’t pay dividends. Micro-cap stocks that don’t pay dividends were excluded from the Top 10 rankings below.

We’ve screened the micro-cap stocks with the highest 5-year expected returns and have provided them below, ranked from lowest to highest.

You can instantly jump to any individual stock analysis by using the links below:

Micro Cap Stock #10: ChoiceOne Financial Services (COFS)

• 5-year expected annual returns: 14.5%

ChoiceOne Financial Services is the holding company for ChoiceOne Bank, which is headquartered in Sparta, Michigan.

Founded in 1898, ChoiceOne Bank has grown to a bank with a full range of financial services. It operates 37 offices and offers a variety of deposit, payment, credit and other financial services to all types of customers.

These services include time, savings, and demand deposits, safe deposit services, and automated transaction machine services. The bank also offers loans to consumers and corporations.

In late January, ChoiceOne Financial Services reported (1/22/25) results for the fourth quarter of 2024. Net interest income grew 16% over the prior year’s quarter, as net interest margin expanded from 2.66% to 2.98%, despite higher costs of deposits. In addition, the bank grew its loans and deposits by 8% and 4%, respectively.

As a result, earnings-per-share grew 19%, from $0.70 to $0.83, though they missed the analysts’ consensus by $0.01. We expect net interest margin to expand further and thus we expect all-time high earnings-per-share of $3.60 this year.

Click here to download our most recent Sure Analysis report on COFS (preview of page 1 of 3 shown below):

Micro Cap Stock #9: Midland States Bancorp (MSBI)

• 5-year expected annual returns: 14.7%

Midland States Bancorp (MSBI) is the holding company of Midland States Bank, a community bank that was founded in 1881 and is headquartered in Effingham, Illinois.

It operates 53 branches in Illinois and Missouri and provides a wide range of banking products and services to individuals, businesses, municipalities and other entities. Midland States Bancorp has total assets of $7.5 billion.

In late January, Midland States Bancorp reported (1/23/25) results for the fourth quarter of fiscal 2024. Its net interest margin expand sequentially from 3.10% to 3.19% and its net interest income grew 2%.

However, the bank incurred massive charge-offs on loans ($103 million) and provisions for loan losses ($93.5 million).

As a result, it switched from earnings-per-share of $0.74 to an excessive loss per share of -$2.52, missing the analysts’ consensus by $3.19.

Midland States Bancorp has acquired seven smaller banks since 2009. As a result, it grew its asset base by 12% per year on average over the last nine years.

It had also grown its earnings-per-share by 6.9% per year on average during 2015-2023 but it incurred a loss in 2024 due to massive loan charge-offs and high deposit costs, which resulted from high interest rates.

Click here to download our most recent Sure Analysis report on MSBI (preview of page 1 of 3 shown below):

Micro Cap Stock #8: Oak Valley Bancorp (OVLY)

• 5-year expected annual returns: 15.9%

Oak Valley Bancorp is a regional banking holding company based in Oakdale, California, operating through its subsidiary, Oak Valley Community Bank. It provides a range of financial services including commercial and consumer loans, deposit accounts, and investment services.

On January 24th, 2025, Oak Valley posted its Q4 and full-year results for the period ending December 31st, 2024. For the period, net interest income came in at $17.8 million, compared to $17.7 million in the previous quarter and $17.9 million last year.

The decline over last year was due to higher deposit interest expense, as the average cost of funds rose to 0.78% in 2024 from 0.28% in 2023. This higher interest expense was partly offset by year-over-year loan growth of $90.0 million (8.8%).

The net interest margin for the quarter was 4.00%, down from 4.07% in Q3-2024 and 4.15% in Q4-2023. Still, it remains quite high.

For the quarter, earnings per share (EPS) came in at $0.73, up one cent compared to last year. For the year, EPS was $3.04. For FY2025, we expect EPS of about $3.20.

Click here to download our most recent Sure Analysis report on OVLY (preview of page 1 of 3 shown below):

Micro Cap Stock #7: First United Corporation (FUNC)

• 5-year expected annual returns: 15.9%

First United Corporation is a financial services holding company based in Oakland, Maryland. Through its subsidiary, First United Bank & Trust, it runs 22 branches located across Maryland, West Virginia, Virginia, and Pennsylvania.

The bank provides a full range of financial services, such as personal and commercial banking, wealth management, and insurance solutions.

Its lending portfolio spans residential and commercial real estate, construction, and small business loans. As at the end of the fourth quarter of 2024, the bank had $2.0 billion in assets and $1.6 billion in deposits. Last year, the bank generated $92.0 million in interest income.

On February 5th, 2025, First United reported its Q4 and full-year results for the period ending December 31st, 2024. The bank posted net income of $6.2 million, up from $1.8 million last year, while EPS came in at $0.95 up from $0.26 in Q4 2024. This was driven by strong loan growth, higher net interest income, and disciplined expense management.

Click here to download our most recent Sure Analysis report on FUNC (preview of page 1 of 3 shown below):

Micro Cap Stock #6: Peoples Financial (PFIS)

• 5-year expected annual returns: 16.1%

Peoples Financial Services (PFIS) is the holding company of Peoples Security Bank and Trust Company, a community bank that was founded in 1905 and is headquartered in Scranton, Pennsylvania.

It operates 44 branches in Pennsylvania and provides various banking products and services to consumers, municipalities and businesses.

On July 1st, 2024, Peoples Financial Services completed its acquisition of FNCB Bancorp in an all-stock deal. As per the terms of the deal, the shareholders of FNCB now own ~29% of the combined entity.

Thanks to the merger, the bank grew its total assets from $3.7 billion to $5.5 billion and thus it became the 5th largest community bank in Pennsylvania.

In early February, Peoples Financial Services reported (2/6/24) financial results for the fourth quarter of fiscal 2024. Loans and deposits grew 40% and 28%, respectively, over the prior year’s quarter, thanks to the acquisition of FNCB Bancorp.

Net interest margin expanded impressively, from 2.30% in the prior year’s quarter to 3.25% thanks to the much higher net interest margin of the acquired bank.

Click here to download our most recent Sure Analysis report on PFIS (preview of page 1 of 3 shown below):

Micro Cap Stock #5: Orrstown Financial Services (ORRF)

• 5-year expected annual returns: 16.4%

Orrstown Financial Services, Inc. is a community bank. ORRF serves as the holding company for its operating bank subsidiary, Orrstown Bank.

The company provides banking and financial advisory services to customers located in the south-central Pennsylvania counties of Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry, and York. ORRF also serves customers in Anne Arundel, Baltimore, Howard, and Washington counties in Maryland.

Its savings products include money market accounts, savings accounts, certificates of deposit, and checking accounts. Loan products offered consist of residential mortgages, home equity lines of credit, commercial mortgages, construction loans, and commercial loans.

Financial advisory services provided include fiduciary, investment advisory, and brokerage services.

On January 31st, ORRF released its financial results for the fourth quarter ended December 31st. The company’s net interest income soared 94.4% over the year-ago period to $50.6 million during the quarter, which was mostly due to the acquisition of Codorus Valley Bancorp. The other tailwind for ORRF was a 34-basis point year-over-year expansion in the net interest margin to 4.05% in the quarter.

Thanks to the acquisition, the company’s noninterest income also surged 73.3% over the year-ago period to $11.2 million for the quarter. ORRF’s adjusted diluted EPS edged 4.8% higher year-over-year to $0.87 during the quarter.

Click here to download our most recent Sure Analysis report on ORRF (preview of page 1 of 3 shown below):

Micro Cap Stock #4: Hooker Furnishings (HOFT)

• 5-year expected annual returns: 16.5%

Hooker Furnishings is a designer, marketer and importer of casegoods (wooden and metal furniture), leather furniture, fabric-upholstered furniture, lighting, accessories and home décor for residential, hospitality and contract markets.

The company also domestically manufactures premium residential custom leather and fabric-upholstered furniture.

Hooker Furnishings is the largest supplier of casegoods and upholstery in the U.S. and has access to more than 75% of all retail furniture distribution.

Source: Investor Presentation

In early December, Hooker Furnishings reported (12/5/24) financial results for the third quarter of fiscal 2025. Net sales decreased -11% over the prior year’s quarter due to sustained headwinds in the housing market and loss of sales due to the bankruptcy of a customer.

The combination of high interest rates and high home prices have been exerting pressure on the business of Home Furnishings over the last two years.

As a result, the company switched from earnings-per-share of $0.65 to a loss per share of -$0.39 and missed the analysts’ consensus by a massive $0.67.

Click here to download our most recent Sure Analysis report on HOFT (preview of page 1 of 3 shown below):

Micro Cap Stock #3: Ellington Credit Co. (EARN)

• 5-year expected annual returns: 18.2%

Ellington Credit Co. acquires, invests in, and manages residential mortgage and real estate related assets. Ellington focuses primarily on residential mortgage-backed securities, specifically those backed by a U.S. Government agency or U.S. government–sponsored enterprise.

Agency MBS are created and backed by government agencies or enterprises, while non-agency MBS are not guaranteed by the government.

On March 12th, 2025, Ellington Residential reported its fourth quarter results for the period ending December 31, 2024. The company generated a net loss of $(2.0) million, or $(0.07) per share.

Ellington achieved adjusted distributable earnings of $7.8 million in the quarter, leading to adjusted earnings of $0.27 per share, which covered the dividend paid in the period.

Ellington’s net interest margin was 5.07% overall. At quarter end, Ellington had $31.8 million of cash and cash equivalents, and $79 million of other unencumbered assets.

Click here to download our most recent Sure Analysis report on EARN (preview of page 1 of 3 shown below):

Micro Cap Stock #2: Clipper Realty (CLPR)

• 5-year expected annual returns: 19.5%

Clipper Realty is a Real Estate Investment Trust, or REIT, that was founded by the merger of four pre-existing real estate companies. The founders retain about 2/3 of the ownership and votes today, as they have never sold a share.

Clipper owns commercial (primarily multifamily and office with a small sliver of retail) real estate across New York City.

On February 18, 2025, Clipper Realty Inc. reported its financial results for the fourth quarter of 2024. The company achieved record quarterly revenue of $38 million, marking a 9.1% increase from the previous year.

Net Operating Income (NOI) rose to $22.5 million, reflecting a 12.5% growth, while Adjusted Funds From Operations (AFFO) reached $8.1 million, up 29%.

This performance was primarily driven by a $2.9 million increase in residential revenue, attributed to strong leasing activities and operational efficiencies.

Click here to download our most recent Sure Analysis report on CLPR (preview of page 1 of 3 shown below):

Micro Cap Stock #1: Shoe Carnival, Inc. (SCVL)

• 5-year expected annual returns: 23.7%

Shoe Carnival, Inc. is a leading U.S.-based retailer specializing in family footwear and accessories. The company operates a large network of stores, offering a wide variety of athletic, casual, and dress shoes for men, women, and children.

With over 400 stores across the U.S. under the Shoe Carnival, Shoe Station, and Rogan’s Shoes brands, the company has steadily expanded its market presence.

In addition to its brick-and mortar locations, Shoe Carnival has a growing e-commerce platform, supporting its omnichannel strategy.

On November 21st, 2024, Shoe Carnival reported third quarter Fiscal 2024 results. The company reported GAAP EPS of $0.70 and Adjusted EPS of $0.71, meeting expectations.

While third-quarter net sales fell to $306.9 million from $319.9 million in 2023 due to a retail calendar shift, adjusted figures showed a 2.2% year-over-year increase.

Year-to-date, net sales rose 4.9%, with strong Back-to-School sales and contributions from the Rogan’s Shoes acquisition driving performance.

Click here to download our most recent Sure Analysis report on SCVL (preview of page 1 of 3 shown below):

Final Thoughts

Micro-cap stocks are the smallest companies currently trading on the stock market. The potential benefit of investing in micro-cap stocks is the potential for higher growth, and shareholder returns, over time.

Of course, investors need to carefully consider the unique risks associated with investing in micro-cap stocks. The 10 micro-cap stocks on this list all pay dividends to shareholders and have positive expected returns.

As a result, these 10 micro-cap stocks could be attractive for dividend growth investors.

Other Dividend Lists

The following lists contain many more high-quality dividend stocks:

• The Dividend Aristocrats List is comprised of 69 stocks in the S&P 500 Index with 25+ years of consecutive dividend increases.
• The High Yield Dividend Aristocrats List is comprised of the 20 Dividend Aristocrats with the highest current yields.
• The Dividend Achievers List is comprised of ~400 NASDAQ stocks with 10+ years of consecutive dividend increases.
• The Dividend Kings List is even more exclusive than the Dividend Aristocrats. It is comprised of 55 stocks with 50+ years of consecutive dividend increases.
• The High Yield Dividend Kings List is comprised of the 20 Dividend Kings with the highest current yields.
• The High Dividend Stocks List: stocks that appeal to investors interested in the highest yields of 5% or more.
• The Monthly Dividend Stocks List: stocks that pay dividends every month, for 12 dividend payments per year.
• The Dividend Champions List: stocks that have increased their dividends for 25+ consecutive years.
  Note: Not all Dividend Champions are Dividend Aristocrats because Dividend Aristocrats have additional requirements like being in The S&P 500.