U.S. Undervalued Small Caps With Insider Buying

New Peoples Bankshares

Market Cap: US$90.0m

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

Farmland Partners

Market Cap: US$435.3m

An internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to third-party farmers (both tenant and non-tenant) and landowners secured by farm real estate and/or other agricultural related assets.

Shore Bancshares

Market Cap: US$594.0m

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

Metropolitan Bank Holding

Market Cap: US$802.1m

Operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services.

Blue Bird

Market Cap: US$1.6b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

First United

Market Cap: US$252.0m

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.

Peoples Bancorp

Market Cap: US$1.1b

Operates as the financial holding company for Peoples Bank that provides commercial and consumer banking products and services.

Merchants Bancorp

Market Cap: US$1.6b

Operates as the diversified bank holding company in the United States.

Vestis

Market Cap: US$940.2m

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

S&T Bancorp

Market Cap: US$1.5b

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

Wolverine World Wide

Market Cap: US$1.4b

Designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America.

Omega Flex

Market Cap: US$283.3m

Manufactures and sells flexible metal hoses, fittings, and accessories in the United States, Canada, and internationally.

Granite Ridge Resources

Market Cap: US$675.9m

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

Colony Bankcorp

Market Cap: US$303.4m

Operates as the bank holding company for Colony Bank that provides various banking products and services to retail and commercial customers in the United States.

Ellington Financial

Market Cap: US$1.5b

Through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States.

Heritage Financial

Market Cap: US$824.1m

Operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States.

Karat Packaging

Market Cap: US$436.2m

Engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings.

Legacy Education

Market Cap: US$122.0m

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

inTEST

Market Cap: US$94.1m

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.

Pebblebrook Hotel Trust

Market Cap: US$1.2b

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.

CF Bankshares

Market Cap: US$153.0m

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

Civista Bancshares

Market Cap: US$485.1m

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

OneSpan

Market Cap: US$473.4m

Provides digital solutions for security, authentication, identity, electronic signature, and digital workflow products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions.

Innospec

Market Cap: US$1.9b

Develops, manufactures, blends, markets, and supplies specialty chemicals in the Americas, Europe, the Middle East, Africa, and Asia-Pacific.

Trinity Capital

Market Cap: US$1.1b

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

Fidelity D & D Bancorp

Market Cap: US$256.7m

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.

First Business Financial Services

Market Cap: US$453.2m

Operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals in Wisconsin, Kansas, and Missouri.

NexPoint Real Estate Finance

Market Cap: US$343.5m

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

Dine Brands Global

Market Cap: US$497.5m

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

Saul Centers

Market Cap: US$1.0b

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) 50 community and neighborhood shopping centers and eight mixed-use properties with approximately 10.2 million square feet of leasable area and (b) four non-operating land and development properties.

Univest Financial

Market Cap: US$949.4m

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

Huntsman

Market Cap: US$1.7b

Manufactures and sells diversified organic chemical products worldwide.

Community West Bancshares

Market Cap: US$444.9m

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.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$868.6m

Through its subsidiaries, provides excess and surplus lines insurance and reinsurance products to small and medium-sized businesses in the United States.

ADTRAN Holdings

Market Cap: US$682.0m

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

QNB

Market Cap: US$131.5m

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.