U.S. Undervalued Small Caps

Burke & Herbert Financial Services

Market Cap: US$952.8m

Operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland.

EverQuote

Market Cap: US$943.5m

Operates an online marketplace for insurance shopping in the United States.

Nicolet Bankshares

Market Cap: US$1.9b

Operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota.

Third Coast Bancshares

Market Cap: US$527.1m

Operates as the bank holding company for Third Coast Bank that provides various commercial banking solutions to small and medium-sized businesses and professionals in the United States.

USCB Financial Holdings

Market Cap: US$342.5m

Operates as the bank holding company for U.S.

IMAX

Market Cap: US$1.8b

Operates as a technology platform for entertainment and events in the United States, Greater China, rest of Asia, Western Europe, Canada, Latin America, and internationally.

OptimizeRx

Market Cap: US$262.1m

Operates as a digital healthcare technology company.

Metropolitan Bank Holding

Market Cap: US$826.6m

Operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services.

Bridgewater Bancshares

Market Cap: US$492.9m

Operates as the bank holding company for Bridgewater Bank that provides banking products and services in the United States.

Plumas Bancorp

Market Cap: US$312.1m

Operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses and individuals in California, Nevada, and Oregon.

Delcath Systems

Market Cap: US$357.1m

An interventional oncology company, focuses on the treatment of primary and metastatic liver cancers in the United States and Europe.

Hackett Group

Market Cap: US$558.4m

Operates as an intellectual property platform-based generative artificial intelligence strategic consulting and executive advisory digital transformation in the United States, Europe, and internationally.

Standard Motor Products

Market Cap: US$851.6m

Manufactures and distributes replacement automotive parts in the United States and internationally.

Niagen Bioscience

Market Cap: US$511.8m

Operates as a bioscience company engages in developing healthy aging products.

Citizens & Northern

Market Cap: US$362.6m

Operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers.

Colony Bankcorp

Market Cap: US$313.3m

Operates as the bank holding company for Colony Bank that provides various banking products and services to retail and commercial customers in the United States.

American Public Education

Market Cap: US$734.4m

Provides online and campus-based postsecondary education and career learning in the United States.

Calavo Growers

Market Cap: US$396.0m

Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery, foodservice, club stores, mass merchandisers, food distributors, and wholesale customers worldwide.

Community West Bancshares

Market Cap: US$425.5m

Operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to small and middle-market businesses and individuals in California.

Ranger Energy Services

Market Cap: US$308.4m

Provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States.

Bowhead Specialty Holdings

Market Cap: US$821.5m

Provides commercial specialty property and casualty insurance products in the United States.

OceanFirst Financial

Market Cap: US$1.0b

Operates as the bank holding company for OceanFirst Bank N.A.

GoodRx Holdings

Market Cap: US$977.6m

Offers information and tools that enable consumers to compare prices and save on their prescription drug purchases in the United States.

Dingdong (Cayman)

Market Cap: US$649.3m

Operates an e-commerce company in China.

Peapack-Gladstone Financial

Market Cap: US$493.5m

Operates as the bank holding company for Peapack Private Bank & Trust that provides private banking and wealth management services in the United States.

First Community

Market Cap: US$227.2m

Operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals.

Pennant Group

Market Cap: US$998.4m

Provides healthcare services in the United States.

China Yuchai International

Market Cap: US$1.7b

Manufactures, assembles, and sells diesel and natural gas engines for trucks, buses, pickups, construction and agricultural equipment, and marine and power generation applications.

MiMedx Group

Market Cap: US$888.6m

Develops and distributes placental tissue allografts for various sectors of healthcare.

Fresh Del Monte Produce

Market Cap: US$1.7b

Through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally.

Vital Farms

Market Cap: US$1.4b

A food company, packages, markets, and distributes shell eggs, butter, and other products in the United States.

Alliance Entertainment Holding

Market Cap: US$394.4m

Operates as a wholesaler and e-commerce provider for the entertainment industry worldwide.