U.S. Undervalued Small Caps With Insider Buying

First United

Market Cap: US$253.0m

Operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals in the United States.

Angel Oak Mortgage REIT

Market Cap: US$221.7m

A real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Bank of the James Financial Group

Market Cap: US$93.6m

Operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States.

Vestis

Market Cap: US$965.9m

Provides uniform rentals and workplace supplies in the United States and Canada.

MVB Financial

Market Cap: US$367.4m

Operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients.

German American Bancorp

Market Cap: US$1.7b

Operates as a financial holding company for German American Bank that provides retail and commercial banking, and health management services.

New Peoples Bankshares

Market Cap: US$98.7m

Operates as a financial holding company for New Peoples Bank, Inc.

Legacy Education

Market Cap: US$131.8m

Provides education services to students, high school graduates, and working parents in the United States.

CF Bankshares

Market Cap: US$211.0m

Operates as the bank holding company for CFBank, National Association that provides various banking products and services.

Civista Bancshares

Market Cap: US$516.0m

Operates as the financial holding company for Civista Bank that provides community banking services in the United States.

Granite Ridge Resources

Market Cap: US$673.3m

Operates as a non-operated oil and natural gas exploration and production company.

Trinity Capital

Market Cap: US$1.2b

A business development company specializing in term loans, equipment financing, and private equity-related investments.

FutureFuel

Market Cap: US$161.6m

Manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States.

Fidelity D & D Bancorp

Market Cap: US$273.8m

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.

Byline Bancorp

Market Cap: US$1.5b

Operates as the bank holding company for Byline Bank that provides various banking products and services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States.

inTEST

Market Cap: US$130.0m

Provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets in the United States and internationally.

Monro

Market Cap: US$631.6m

Engages in the operation of retail tire and automotive repair stores in the United States.

Dave & Buster's Entertainment

Market Cap: US$631.2m

Owns and operates entertainment and dining venues for adults and families in North America.

J&J Snack Foods

Market Cap: US$1.5b

Manufactures, markets, and distributes nutritional snack food and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada.

UMH Properties

Market Cap: US$1.3b

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that currently owns and operates 145 manufactured home communities, containing approximately 27,000 developed homesites, of which 10,800 contain rental homes, and over 1,000 self-storage units.

Community Bancorp

Market Cap: US$180.3m

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.

Hallador Energy

Market Cap: US$970.0m

Through its subsidiaries, engages in the production of steam coal for the electric power generation industry in Indiana.

Sunrise Realty Trust

Market Cap: US$123.2m

Engages in commercial real estate lending business in the United States.

Myers Industries

Market Cap: US$832.0m

Engages in distribution of tire service supplies in Ohio.

Cross Country Healthcare

Market Cap: US$276.5m

Provides talent management services for healthcare clients in the United States.

Community West Bancshares

Market Cap: US$479.9m

Operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to small and middle-market businesses and individuals in California.

Dine Brands Global

Market Cap: US$515.8m

Owns, franchises, and operates restaurants in the United States and internationally.

ADTRAN Holdings

Market Cap: US$830.5m

Provides networking and communications platforms, software, systems, and services in the United States, Germany, the United Kingdom, and internationally.

QNB

Market Cap: US$141.6m

Operates as the bank holding company for QNB Bank that engages in the provision of commercial and retail banking products, and retail brokerage services in the United States.

Albany International

Market Cap: US$1.7b

Engages in the machine clothing and engineered composites businesses.

First Internet Bancorp

Market Cap: US$189.0m

Operates as the bank holding company for First Internet Bank of Indiana that provides various commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States.

Univest Financial

Market Cap: US$1.0b

Operates as the bank holding company for Univest Bank and Trust Co.

Saul Centers

Market Cap: US$1.2b

A self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 62 properties which includes (a) 59 community and neighborhood shopping centers and mixed-use properties with approximately 10.5 million square feet of leasable area and (b) three land and development properties.

Tompkins Financial

Market Cap: US$1.2b

A financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services.

Clipper Realty

Market Cap: US$147.3m

Clipper Realty Inc. (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.

Oxford Industries

Market Cap: US$590.0m

An apparel company, designs, sources, markets, and distributes lifestyle products worldwide.