U.S. Undiscovered Gems With Strong Fundamentals

Oakworth Capital

Market Cap: US$180.0m

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

Epsilon Energy

Market Cap: US$120.3m

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.

Pure Cycle

Market Cap: US$286.7m

Provides water and wastewater services in the United States.

Union Bankshares

Market Cap: US$106.4m

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

Metalpha Technology Holding

Market Cap: US$111.0m

Provides wealth management services in Hong Kong.

Franklin Financial Services

Market Cap: US$242.3m

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.

FineMark Holdings

Market Cap: US$472.8m

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$113.2m

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

ASA Gold and Precious Metals

Market Cap: US$1.0b

A publicly owned investment manager.

First Northern Community Bancorp

Market Cap: US$211.3m

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.

FRMO

Market Cap: US$332.8m

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

Southern Michigan Bancorp

Market Cap: US$110.9m

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.

Morris State Bancshares

Market Cap: US$266.3m

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

Affinity Bancshares

Market Cap: US$124.0m

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

First Bancorp

Market Cap: US$303.9m

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$753.4m

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

Tri-County Financial Group

Market Cap: US$115.9m

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.

QDM International

Market Cap: US$545.7m

Operates as an insurance brokerage company primarily in Hong Kong.

Kish Bancorp

Market Cap: US$123.5m

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

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.

Village Super Market

Market Cap: US$534.1m

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

Tiptree

Market Cap: US$682.3m

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

Alpine Banks of Colorado

Market Cap: US$606.6m

Provides banking products and services to individuals and businesses.

First Capital Bancshares

Market Cap: US$110.8m

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

Hingham Institution for Savings

Market Cap: US$676.6m

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

Embassy Bancorp

Market Cap: US$137.5m

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.

Resolute Holdings Management

Market Cap: US$1.8b

Operates as an alternative asset management platform.

Century Next Financial

Market Cap: US$107.5m

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

Skyline Bankshares

Market Cap: US$103.2m

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.

First National Bank Alaska

Market Cap: US$908.4m

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

First Ottawa Bancshares

Market Cap: US$162.6m

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.

Fidelity D & D Bancorp

Market Cap: US$264.0m

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.

Calvin B. Taylor Bankshares

Market Cap: US$147.8m

Operates as the holding company for Calvin B.

Leifras

Market Cap: US$101.8m

Operates as a sports and social business company in Japan.

Community Bancorp

Market Cap: US$134.8m

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.

Magyar Bancorp

Market Cap: US$109.0m

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.