U.S. Undiscovered Gems With Strong Fundamentals

Seneca Foods

Market Cap: US$835.2m

Provides packaged fruits and vegetables in the United States and internationally.

Pure Cycle

Market Cap: US$264.9m

Provides water and wastewater services in the United States.

FineMark Holdings

Market Cap: US$450.0m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

Affinity Bancshares

Market Cap: US$116.7m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

ASA Gold and Precious Metals

Market Cap: US$867.9m

A publicly owned investment manager.

First Northern Community Bancorp

Market Cap: US$210.4m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Oakworth Capital

Market Cap: US$174.7m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Southern Michigan Bancorp

Market Cap: US$108.7m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

FRMO

Market Cap: US$341.6m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

First Bancorp

Market Cap: US$287.2m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Senstar Technologies

Market Cap: US$102.9m

Provides physical, video, and access control security products and solutions worldwide.

Union Bankshares

Market Cap: US$106.3m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

Epsilon Energy

Market Cap: US$103.5m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

Franklin Financial Services

Market Cap: US$228.5m

Operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities in Pennsylvania.

Morris State Bancshares

Market Cap: US$270.0m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Tri-County Financial Group

Market Cap: US$114.5m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Metalpha Technology Holding

Market Cap: US$115.7m

Provides wealth management services in Hong Kong.

Sound Financial Bancorp

Market Cap: US$114.4m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

Kish Bancorp

Market Cap: US$121.7m

A diversified financial services company, provides various banking products and services primarily in central Pennsylvania and the surrounding areas.

QDM International

Market Cap: US$268.9m

Operates as an insurance brokerage company primarily in Hong Kong.

Agencia Comercial Spirits

Market Cap: US$195.9m

Imports, procures, distributes, and sells bottled, raw cask, and proprietary brand whisky products in Taiwan and international markets.

Oil-Dri Corporation of America

Market Cap: US$806.4m

Develops, manufactures, and markets sorbent products in the United States and internationally.

FS Bancorp

Market Cap: US$174.3m

Operates as the holding company for Farmers State Bank that provides banking products and services to individuals and business customers in Indiana and Michigan.

Leifras

Market Cap: US$152.3m

Operates as a sports and social business company in Japan.

Butler National

Market Cap: US$161.1m

Designs, engineers, manufactures, sells, integrates, installs, repairs, modifies, overhauls, services, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems.

SR Bancorp

Market Cap: US$120.4m

Operates as the holding company for Somerset Regal Bank that provides retail and commercial banking services to individuals, businesses, and local municipalities in the communities of Essex, Hunterdon, Middlesex, Morris, Somerset, and Union counties in New Jersey.

Skyline Bankshares

Market Cap: US$104.0m

Operates as the holding company for the Skyline National Bank that provides a range of retail and commercial banking services to individuals, and small and medium sized businesses in the United States.

River Financial

Market Cap: US$294.3m

Operates as the bank holding company for the River Bank & Trust that provides financial services to small to medium-sized businesses, organizations, entrepreneurs, and individuals in the United States.

Tiptree

Market Cap: US$704.3m

Through its subsidiaries, provides specialty insurance products and related services in the United States and Europe.

Century Next Financial

Market Cap: US$108.1m

Operates as the holding company for the Century Next Bank that provides various banking products and services in Louisiana and Arkansas.

Ohio Valley Banc

Market Cap: US$185.0m

Operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services.

Community Bancorp

Market Cap: US$129.8m

Operates as the bank holding company for Community National Bank that provides various financial services to individuals, businesses, nonprofit organizations, and municipalities in northern and central Vermont.

Village Super Market

Market Cap: US$506.1m

Engages in the operation of a chain of supermarkets in the United States.

Hamilton Beach Brands Holding

Market Cap: US$211.6m

Designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally.

Resolute Holdings Management

Market Cap: US$1.5b

Operates as an alternative asset management platform.

Fidelity D & D Bancorp

Market Cap: US$258.1m

Operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers.