U.S. Undervalued over 20% based on DCF

Migom Global

Market Cap: US$75.4m

Migom Global Corp., through its subsidiaries, engages in retail banking and money service business worldwide.

Century Financial

Market Cap: US$74.9m

Operates as a bank holding company for Century Bank and Trust that provides a range of financial and trust services.

Two Rivers Financial Group

Market Cap: US$74.1m

Through its subsidiaries, offers financial banking, trust, and investment services.

First US Bancshares

Market Cap: US$74.0m

Operates as the bank holding company for First US Bank that provides commercial banking products and services in the United States.

InsCorp

Market Cap: US$73.7m

Operates as a bank holding company for InsBank that provides banking products and services in Tennessee.

Steele Bancorp

Market Cap: US$72.5m

Operates as a bank holding company for Mifflinburg Bank and Trust Company that provides commercial, mortgage, residential real estate, consumer loan financing, and deposit services in Pennsylvania.

Keweenaw Financial

Market Cap: US$69.7m

Through its subsidiary, Superior National Bank, provides various financial and trust services to individual and corporate customers.

Juniata Valley Financial

Market Cap: US$69.7m

Operates as the bank holding company for The Juniata Valley Bank that provides retail and commercial banking services to small and mid-sized businesses in central and northern Pennsylvania, the United States.

Farmers Bancorp (Frankfort IN)

Market Cap: US$68.3m

Operates as the holding company of The Farmers Bank that provides a range of banking products and services for individuals and businesses in north central Indiana, the United States.

Potomac Bancshares

Market Cap: US$68.0m

Operates as the bank holding company for Bank of Charles Town that provides various banking products and services to individuals, businesses, and local governments in the United States.

First Bancshares

Market Cap: US$67.0m

Operates as the bank holding company for Stockmens Bank that provides banking and mortgage services to individual and corporate customers in southern Missouri, eastern Colorado, and southwestern Nebraska.

Oak Ridge Financial Services

Market Cap: US$64.6m

Operates as a bank holding company for Bank of Oak Ridge that provides various banking products and services for individuals and businesses.

Manhattan Bridge Capital

Market Cap: US$62.8m

A real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States.

JBT Bancorp

Market Cap: US$62.3m

Operates as the bank holding company for Jonestown Bank and Trust Company that provides banking services in Pennsylvania.

Global Self Storage

Market Cap: US$59.4m

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, and redevelops self-storage properties.

KS Bancorp

Market Cap: US$59.0m

Operates as the bank holding company for KS Bank, Inc.

Medinotec

Market Cap: US$58.7m

Engages in the research and development, production, and sale of medical devices for the treatment of vascular and airway diseases in South Africa, the United States, and internationally.

Citizens Bancorp

Market Cap: US$54.0m

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

Sachem Capital

Market Cap: US$53.5m

Operates as a real estate finance company in the United States.

Mission Valley Bancorp

Market Cap: US$52.0m

Operates as a bank holding company, providing various banking products and services to individuals and corporate customers.

Lifestore Financial Group

Market Cap: US$51.5m

LifeStore Financial Group, Inc. operates as a federally chartered thrift holding company for LifeStore Bank that provides personal and business banking products and services in North Carolina.

First Resource Bancorp

Market Cap: US$51.0m

Operates as the bank holding for First Resource Bank that provides personal and business banking products and services to businesses and families primarily in the southeastern area of Pennsylvania.

Pacific Valley Bancorp

Market Cap: US$50.9m

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

First Bankers Trustshares

Market Cap: US$49.7m

Operates as the bank holding company for First Bankers Trust Company, N.A.

Chino Commercial Bancorp

Market Cap: US$49.6m

Operates as the bank holding company for Chino Commercial Bank, N.A.

Optical Cable

Market Cap: US$49.0m

Manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally.

Cumberland Pharmaceuticals

Market Cap: US$48.3m

A specialty pharmaceutical company, focuses on the acquisition, development, and commercialization of prescription products for hospital acute care, gastroenterology, and oncology in the United States and internationally.

Oak View Bankshares

Market Cap: US$47.8m

Operates as the bank holding company for Oak View National Bank that provides banking services for individual and corporate customers in the counties of Marshall, Warrenton, Culpeper, and Rappahannock, and Virginia.

Ballston Spa Bancorp

Market Cap: US$46.6m

Operates as a holding company for Ballston Spa National Bank that provides a range of banking, financing, fiduciary, brokerage, and other financial services to corporate, municipal, and individual customers in the United States.

FCN Banc

Market Cap: US$46.5m

Operates as the bank holding company for FCN Bank, NA that provides personal and commercial banking services in southeast Indiana and southwest Ohio.

Highlands Bankshares

Market Cap: US$46.4m

Operates as the bank holding company for The Grant County Bank and Capon Valley Bank that provide various banking products and services for individuals and businesses.

CITBA Financial

Market Cap: US$46.3m

Operates as the holding company for Citizens Bank that provides various banking services in the United States.

Infinity Bancorp

Market Cap: US$45.5m

Operates as the bank holding company for Infinity Bank that provides various banking products and services for individuals and businesses in Southern California.

Commencement Bancorp

Market Cap: US$45.0m

Operates as a bank holding company for Commencement Bank that provides various banking products and services for individuals, and small and midsized businesses in western Washington.

MBT Bancshares

Market Cap: US$44.4m

Operates as a bank holding company for the Metairie Bank and Trust Company that provides various banking products and services in the United States.

Peoples Bancorp

Market Cap: US$43.9m

Operates as the holding company for The Peoples Bank that provides various banking products and services to individuals, small businesses, associations, and government entities in Kent, Cecil, Queen Anne's, and Talbot Counties, Maryland.