U.S. Undiscovered Gems With Strong Fundamentals

Gulf Island Fabrication

Market Cap: US$128.3m

Operates as a fabricator of steel structures and modules in the United States.

Southern Michigan Bancorp

Market Cap: US$111.0m

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.

Franklin Financial Services

Market Cap: US$203.3m

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.

Solesence

Market Cap: US$227.7m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

FineMark Holdings

Market Cap: US$439.2m

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

Sound Financial Bancorp

Market Cap: US$112.7m

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

Affinity Bancshares

Market Cap: US$116.2m

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

Metalpha Technology Holding

Market Cap: US$113.4m

Provides wealth management services in Hong Kong.

Pure Cycle

Market Cap: US$264.8m

Provides wholesale water and wastewater services in the United States.

Valhi

Market Cap: US$382.9m

Engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally.

Senstar Technologies

Market Cap: US$113.4m

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

Linkhome Holdings

Market Cap: US$172.0m

An artificial intelligence-driven property technology company, provides real estate related services in the United States.

ASA Gold and Precious Metals

Market Cap: US$871.9m

A publicly owned investment manager.

First Bancorp

Market Cap: US$278.5m

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

FRMO

Market Cap: US$367.6m

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

First Northern Community Bancorp

Market Cap: US$206.1m

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.

Oakworth Capital

Market Cap: US$164.9m

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

Morris State Bancshares

Market Cap: US$250.3m

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$113.4m

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.

Resolute Holdings Management

Market Cap: US$1.2b

Operates as an alternative asset management platform.

Century Next Financial

Market Cap: US$107.7m

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

Hingham Institution for Savings

Market Cap: US$644.0m

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

First Ottawa Bancshares

Market Cap: US$145.2m

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.

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.

SR Bancorp

Market Cap: US$118.2m

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.

Kish Bancorp

Market Cap: US$122.3m

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

First National Bank Alaska

Market Cap: US$886.4m

A commercial bank, provides various banking products and services for business, industry, and individual customers primarily in Alaska.

Embassy Bancorp

Market Cap: US$132.4m

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.

Fidelity D & D Bancorp

Market Cap: US$252.0m

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.

River Financial

Market Cap: US$264.5m

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.

Alpine Banks of Colorado

Market Cap: US$590.6m

Provides banking products and services to individuals and businesses.

FS Bancorp

Market Cap: US$174.8m

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

Ohio Valley Banc

Market Cap: US$166.3m

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$129.6m

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.

Butler National

Market Cap: US$162.5m

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

Yuanbao

Market Cap: US$1.0b

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