U.S. Undiscovered Gems With Strong Fundamentals

Tri-County Financial Group

Market Cap: US$116.5m

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.

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.

ASA Gold and Precious Metals

Market Cap: US$899.8m

A publicly owned investment manager.

Epsilon Energy

Market Cap: US$107.0m

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.

Senstar Technologies

Market Cap: US$109.2m

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

Morris State Bancshares

Market Cap: US$239.6m

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

Metalpha Technology Holding

Market Cap: US$123.5m

Provides wealth management services in Hong Kong.

Affinity Bancshares

Market Cap: US$119.4m

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

Sound Financial Bancorp

Market Cap: US$114.1m

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

Seneca Foods

Market Cap: US$832.1m

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

First Bancorp

Market Cap: US$289.0m

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

First Northern Community Bancorp

Market Cap: US$207.1m

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.

Franklin Financial Services

Market Cap: US$218.6m

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.

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$357.0m

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

Pure Cycle

Market Cap: US$267.5m

Provides water and wastewater services in the United States.

FineMark Holdings

Market Cap: US$452.3m

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

Kish Bancorp

Market Cap: US$122.4m

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

First Ottawa Bancshares

Market Cap: US$163.6m

Operates as the bank holding company for American Commercial Bank & Trust, National Association that provides a range of banking and financial services to individual and corporate customers in LaSalle, Grundy, Cook, and other counties in Illinois.

InBankshares

Market Cap: US$138.0m

Offers a range of banking and mortgage services to individual and business customers in the United States.

Community Bancorp

Market Cap: US$130.6m

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.

River Financial

Market Cap: US$268.9m

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.

Calvin B. Taylor Bankshares

Market Cap: US$146.4m

Operates as the holding company for Calvin B.

Skyline Bankshares

Market Cap: US$104.4m

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.

QDM International

Market Cap: US$267.9m

Operates as an insurance brokerage company primarily in Hong Kong.

Fidelity D & D Bancorp

Market Cap: US$256.9m

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.

Jiayin Group

Market Cap: US$465.4m

Engages in the provision of online consumer finance services in the People’s Republic of China.

Embassy Bancorp

Market Cap: US$132.2m

Operates as the bank holding company for the Embassy Bank for the Lehigh Valley that provides various banking and related financial products and services to individual, business, and government customers in Pennsylvania.

Butler National

Market Cap: US$154.3m

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

Leifras

Market Cap: US$136.3m

Operates as a sports and social business company in Japan.

Magyar Bancorp

Market Cap: US$106.9m

Operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States.

Yuanbao

Market Cap: US$966.1m

Through its subsidiaries, provides online insurance distribution and services in the People’s Republic of China.

Ohio Valley Banc

Market Cap: US$167.4m

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

Oil-Dri Corporation of America

Market Cap: US$836.0m

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

Hingham Institution for Savings

Market Cap: US$606.2m

Provides various financial services to individuals and small businesses in the United States.

Village Super Market

Market Cap: US$504.6m

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