Affinity Bancshares' (AFBI) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Affinity Bancshares' stock has been reaffirmed with a "hold (C)" rating by Weiss Ratings, indicating analysts' neutral outlook on the company's performance.
• As of the last trading session, Affinity Bancshares' shares rose slightly to $19.28, with a market capitalization of approximately $121.24 million.
• Insider Robert Vickers sold 7,565 shares of the company on August 25th, significantly reducing his ownership in Affinity Bancshares.

Affinity Bancshares (NASDAQ:AFBI - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Affinity Bancshares Stock Up 0.0%

Shares of Affinity Bancshares stock traded up $0.01 during midday trading on Friday, hitting $19.28. The company had a trading volume of 1,706 shares, compared to its average volume of 2,192. The company has a 50 day moving average of $19.42 and a 200 day moving average of $18.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.07 and a current ratio of 1.07. Affinity Bancshares has a 52-week low of $17.00 and a 52-week high of $22.50. The stock has a market capitalization of $121.24 million, a P/E ratio of 18.01 and a beta of 0.45.

Affinity Bancshares (NASDAQ:AFBI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.21 earnings per share for the quarter. Affinity Bancshares had a return on equity of 6.05% and a net margin of 13.78%.The firm had revenue of $7.33 million for the quarter.

Insider Buying and Selling

In related news, insider Robert Vickers sold 7,565 shares of Affinity Bancshares stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $19.47, for a total value of $147,290.55. Following the completion of the transaction, the insider owned 2,800 shares in the company, valued at approximately $54,516. This trade represents a 72.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.35% of the company's stock.

Institutional Trading of Affinity Bancshares

Several institutional investors and hedge funds have recently modified their holdings of AFBI. Jane Street Group LLC bought a new position in Affinity Bancshares in the first quarter worth approximately $251,000. Salzhauer Michael purchased a new stake in shares of Affinity Bancshares during the second quarter valued at $276,000. Finally, Tabor Asset Management LP purchased a new stake in shares of Affinity Bancshares during the first quarter valued at $2,508,000. Institutional investors own 39.31% of the company's stock.

Affinity Bancshares Company Profile

Affinity Bancshares, Inc operates as the holding company for Affinity Bank that provides various banking products and services in Georgia. The company offers various deposit accounts, including savings accounts, checking accounts, certificates of deposit, and individual retirement accounts, as well as Kasasa (rewards) deposit program for checking accounts with interest rates or cash-back rewards.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.