U.S. Undiscovered Gems With Strong Fundamentals

ASA Gold and Precious Metals

Market Cap: US$869.1m

A publicly owned investment manager.

FRMO

Market Cap: US$352.2m

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

Franklin Financial Services

Market Cap: US$219.4m

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.

Pure Cycle

Market Cap: US$258.9m

Provides water and wastewater services in the United States.

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.

Tri-County Financial Group

Market Cap: US$115.2m

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.

First Northern Community Bancorp

Market Cap: US$211.8m

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.

Southern Michigan Bancorp

Market Cap: US$108.2m

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.

Senstar Technologies

Market Cap: US$100.3m

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

Epsilon Energy

Market Cap: US$102.8m

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.

Metalpha Technology Holding

Market Cap: US$123.9m

Provides wealth management services in Hong Kong.

Affinity Bancshares

Market Cap: US$115.8m

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

FineMark Holdings

Market Cap: US$437.4m

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

First Bancorp

Market Cap: US$277.6m

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

Seneca Foods

Market Cap: US$829.7m

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

Morris State Bancshares

Market Cap: US$260.9m

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

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.

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.

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.

First Capital Bancshares

Market Cap: US$109.3m

Operates as a holding company for First Capital Bank that provides commercial banking services in the United States.

QDM International

Market Cap: US$268.9m

Operates as an insurance brokerage company primarily in Hong Kong.

InBankshares

Market Cap: US$138.0m

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

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.

Oil-Dri Corporation of America

Market Cap: US$790.1m

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

Hingham Institution for Savings

Market Cap: US$567.1m

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

Agencia Comercial Spirits

Market Cap: US$204.9m

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

Tiptree

Market Cap: US$689.5m

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

Leifras

Market Cap: US$159.6m

Operates as a sports and social business company in Japan.

Yuanbao

Market Cap: US$918.8m

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

Alpine Banks of Colorado

Market Cap: US$590.5m

Provides banking products and services to individuals and businesses.

SR Bancorp

Market Cap: US$120.2m

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.

Village Super Market

Market Cap: US$496.0m

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

Skyline Bankshares

Market Cap: US$105.1m

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.

Timberland Bancorp

Market Cap: US$262.6m

Operates as the bank holding company for Timberland Bank that provides various community banking services in Washington.

Magyar Bancorp

Market Cap: US$107.2m

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.

FS Bancorp

Market Cap: US$174.0m

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