U.S. Undervalued Small Caps With Insider Buying

Ultralife

Market Cap: US$115.4m

Designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide.

Financial Institutions

Market Cap: US$594.9m

Through its subsidiaries, provides banking and financial services to consumer, commercial, and municipal customers in New York.

New Peoples Bankshares

Market Cap: US$94.7m

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

First Northern Community Bancorp

Market Cap: US$221.8m

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.

CEVA

Market Cap: US$514.0m

Provides silicon and software intellectual property (IP) solutions to semiconductor and original equipment manufacturer companies in the United States, Europe, the Middle East, the Asia Pacific, and internationally.

PCB Bancorp

Market Cap: US$303.2m

Operates as the bank holding company for PCB Bank that provides various banking products and services to small and middle market businesses and individuals in the United States.

AVITA Medical

Market Cap: US$128.3m

Operates as a therapeutic acute wound care company in the United States, Japan, the European Union, Australia, and the United Kingdom.

Enovis

Market Cap: US$1.3b

A medical technology company, focuses on developing clinically differentiated solutions in the United States and internationally.

Bank of the James Financial Group

Market Cap: US$95.6m

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.

Arrow Financial

Market Cap: US$524.4m

A bank holding company, provides various commercial and consumer banking, and financial products and services in the United States.

Fidelity D & D Bancorp

Market Cap: US$251.9m

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.

NexPoint Real Estate Finance

Market Cap: US$298.6m

Operates as a commercial mortgage real estate investment trust in the United States.

ScanSource

Market Cap: US$736.1m

Engages in the distribution of technology products and solutions in the United States and internationally.

Butler National

Market Cap: US$249.9m

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

Trinity Capital

Market Cap: US$1.2b

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

Dave & Buster's Entertainment

Market Cap: US$463.3m

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

National Bank Holdings

Market Cap: US$1.7b

Operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States.

QNB

Market Cap: US$139.1m

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.

AMREP

Market Cap: US$149.6m

Through its subsidiaries, engages in the real estate business in the United States.

BJ's Restaurants

Market Cap: US$733.0m

Operates full-service restaurants in the United States.

Univest Financial

Market Cap: US$912.7m

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

FMC

Market Cap: US$1.8b

An agricultural sciences company, develops, markets, and sells crop protection chemicals in Latin America, North America, Europe, the Middle East, Africa, and Asia.

Northrim BanCorp

Market Cap: US$498.5m

Operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals.

Mercer International

Market Cap: US$90.9m

Manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp in the United States, Germany, China, and internationally.

LTC Properties

Market Cap: US$1.9b

A real estate investment trust (REIT) focused on seniors housing and health care properties, principally investing through SHOP, as well as triple-net leases, and joint ventures.

American Assets Trust

Market Cap: US$1.5b

A full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California.

Norwood Financial

Market Cap: US$308.2m

Operates as the bank holding company for Wayne Bank that provides various banking products and services in the United States.

Horace Mann Educators

Market Cap: US$1.7b

Operates as an insurance holding company in the United States.

American Riviera Bancorp

Market Cap: US$134.7m

Provides a range of community banking products and services for businesses and consumers in California.

Greene County Bancorp

Market Cap: US$370.3m

Operates as a holding company for The Bank of Greene County that provides various financial services in the United States.

Babcock & Wilcox Enterprises

Market Cap: US$1.8b

Provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers in the United States, Canada, the United Kingdom, Indonesia, and the Philippines.

MainStreet Bancshares

Market Cap: US$149.5m

Operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations.

Arbor Realty Trust

Market Cap: US$1.6b

Invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States.

First Community

Market Cap: US$260.2m

Operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals.

BCB Bancorp

Market Cap: US$140.6m

Operates as the bank holding company for BCB Community Bank that provides various banking products and services to businesses and individuals in the United States.

51Talk Online Education Group

Market Cap: US$113.1m

Through its subsidiaries, engages in providing online education platform with English language education services to students in the People's Republic of China, Hong Kong, the Philippines, Singapore, Malaysia, and Thailand.