U.S. Undervalued based on future growth

Silvercrest Asset Management Group

Market Cap: US$219.4m

A wealth management firm, provides financial advisory and related family office services in the United States.

CPI Card Group

Market Cap: US$219.0m

Engages in the design, production, data personalization, packaging, and fulfillment of payment cards in the United States.

Viomi Technology

Market Cap: US$216.2m

Through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China.

Investar Holding

Market Cap: US$213.5m

Operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals, professionals, and small to medium-sized businesses in south Louisiana, southeast Texas, and Alabama in the United States.

First Western Financial

Market Cap: US$210.3m

A financial holding company, provides wealth advisory, private banking, personal trust, investment management, mortgage lending, and institutional asset management services to individual and corporate clients.

Princeton Bancorp

Market Cap: US$205.5m

Operates as the bank holding company for The Bank of Princeton that provides various banking products and services.

Ceragon Networks

Market Cap: US$196.5m

Provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America.

First National

Market Cap: US$194.2m

Operates as the bank holding company for First Bank that provides various commercial banking services to small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations in Virginia.

Citizens

Market Cap: US$191.6m

An insurance holding company, provides life insurance products in the United States and internationally.

First Internet Bancorp

Market Cap: US$191.1m

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.

OP Bancorp

Market Cap: US$190.5m

Operates as the bank holding company for Open Bank that provides banking products and services.

Flexsteel Industries

Market Cap: US$179.3m

Operates as a manufacturer, importer, and markets of furniture for residential markets in the United States.

RCM Technologies

Market Cap: US$178.2m

Provides business and technology solutions in the United States, Canada, Puerto Rico, Europe, and Philippines.

National Bankshares

Market Cap: US$176.6m

Operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments.

Eagle Financial Services

Market Cap: US$174.9m

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

Chain Bridge Bancorp

Market Cap: US$174.1m

Operates as a bank holding company for Chain Bridge Bank, N.A.

Avidbank Holdings

Market Cap: US$172.5m

Operates as a bank holding company for Avidbank that provides financial solutions and services.

Consumer Portfolio Services

Market Cap: US$170.3m

Operates as a specialty finance company in the United States.

Diana Shipping

Market Cap: US$167.8m

Provides shipping transportation services worldwide.

Meridian

Market Cap: US$164.4m

Operates as the bank holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Maryland, and Florida.

LifeVantage

Market Cap: US$158.0m

Engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, and skin and hair care products.

CF Bankshares

Market Cap: US$152.9m

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

Hanover Bancorp

Market Cap: US$150.4m

Operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals.

WM Technology

Market Cap: US$150.1m

An online cannabis marketplace, provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally.

Citizens Community Bancorp

Market Cap: US$147.3m

Operates as a bank holding company for Citizens Community Federal N.A.

BCB Bancorp

Market Cap: US$143.5m

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.

Bassett Furniture Industries

Market Cap: US$137.5m

Manufactures, markets, and retails home furnishings in the United States.

Sunrise Realty Trust

Market Cap: US$134.3m

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

Ultralife

Market Cap: US$132.6m

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

South Atlantic Bancshares

Market Cap: US$125.5m

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

Twin Disc

Market Cap: US$122.4m

Engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally.

Finward Bancorp

Market Cap: US$119.9m

Operates as the holding company for Peoples Bank that provides various banking products and services.

Protalix BioTherapeutics

Market Cap: US$116.2m

A biopharmaceutical company, engages in the development, production, and commercialization of recombinant therapeutic proteins based on the ProCellEx plant cell-based protein expression system.

Lument Finance Trust

Market Cap: US$113.0m

A real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States.

Travelzoo

Market Cap: US$110.8m

Operates as an Internet media company that provides travel, entertainment, and local experiences worldwide.

Imperial Petroleum

Market Cap: US$105.7m

Provides seaborne transportation services worldwide.