U.S. Undervalued Small Caps With Insider Buying

Citizens & Northern

Market Cap: US$307.8m

Operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers.

Franklin Financial Services

Market Cap: US$162.8m

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, and non-profit organizations in Pennsylvania.

First United

Market Cap: US$193.0m

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

Quanex Building Products

Market Cap: US$964.0m

Provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally.

German American Bancorp

Market Cap: US$1.4b

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

Columbus McKinnon

Market Cap: US$505.9m

Designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide.

Union Bankshares

Market Cap: US$128.5m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire.

Thryv Holdings

Market Cap: US$681.8m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Eagle Financial Services

Market Cap: US$112.9m

Operates as the bank holding company for Bank of Clarke that provides various retail and commercial banking products and services in the Shenandoah Valley, Northern Virginia and Frederick, Maryland.

Shore Bancshares

Market Cap: US$446.9m

Operates as a bank holding company for the Shore United Bank, N.A.

PCB Bancorp

Market Cap: US$265.1m

Operates as the bank holding company for PCB Bank that provides various banking products and services to small to medium-sized businesses, individuals, and professionals in Southern California.

Arrow Financial

Market Cap: US$431.1m

A bank holding company, provides commercial and consumer banking, and financial products and services.

Delek US Holdings

Market Cap: US$845.8m

Engages in the integrated downstream energy business in the United States.

Innovex International

Market Cap: US$1.3b

Designs, manufactures, sells, and rents mission critical engineered products to the oil and natural gas industry worldwide.

First Mid Bancshares

Market Cap: US$846.1m

A financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States.

S&T Bancorp

Market Cap: US$1.4b

Operates as the bank holding company for S&T Bank that engages in the provision of retail and commercial banking products and services to consumer, commercial and small business in Pennsylvania and Ohio.

Alpha Metallurgical Resources

Market Cap: US$1.8b

A mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia.

Flowco Holdings

Market Cap: US$2.0b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

Civista Bancshares

Market Cap: US$295.3m

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

Cooper-Standard Holdings

Market Cap: US$236.3m

Through its subsidiary, Cooper-Standard Automotive Inc., manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally.

Materialise

Market Cap: US$289.4m

Provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific.

Ohio Valley Banc

Market Cap: US$144.7m

Operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services.

Magnera

Market Cap: US$680.3m

Manufactures and sells non-woven and related products worldwide.

PhenixFIN

Market Cap: US$107.0m

A business development company.

Trinity Capital

Market Cap: US$1.0b

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

ProFrac Holding

Market Cap: US$1.2b

Operates as a technology-focused energy services holding company in the United States.

PHINIA

Market Cap: US$1.7b

Engages in the development, design, and manufacture of integrated components and systems.

Camping World Holdings

Market Cap: US$1.6b

Together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States.

SolarEdge Technologies

Market Cap: US$931.4m

Designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally.

UMH Properties

Market Cap: US$1.5b

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites.

Pebblebrook Hotel Trust

Market Cap: US$1.4b

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of urban and resort lifestyle hotels and resorts in the United States.

BigCommerce Holdings

Market Cap: US$452.7m

Operates a software-as-a-service ecommerce platform for brands and retailers in the United States, North and South America, Europe, the Middle East, Africa, and the Asia Pacific.

Old Second Bancorp

Market Cap: US$737.9m

Operates as the bank holding company for Old Second National Bank that provides community banking services.

Unifi

Market Cap: US$96.7m

Engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe.

Lantronix

Market Cap: US$102.0m

Develops, markets, and sells industrial and enterprise internet of things (IoT) products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan.

PROG Holdings

Market Cap: US$1.1b

A financial technology holding company, provides payment options to consumers in the United States.