Affinity Bancshares (NASDAQ:AFBI) Posts Earnings Results

Key Points

• Affinity Bancshares reported earnings of $0.36 per share for the quarter, with a return on equity of 5.02% and a net margin of 11.69%.
• The company's stock has fluctuated between a 12 month low of $17.00 and a high of $22.50, currently trading at around $18.88.
• In recent trading activity, executive Clark Nelson sold 9,473 shares, reducing his ownership by 38.77% to approximately 14,962 shares.

Affinity Bancshares (NASDAQ:AFBI - Get Free Report) released its earnings results on Friday. The company reported $0.36 earnings per share for the quarter, Zacks reports. The business had revenue of $8.32 million for the quarter. Affinity Bancshares had a return on equity of 6.02% and a net margin of 13.78%.

Affinity Bancshares Stock Performance

AFBI stock traded down $0.27 during mid-day trading on Wednesday, hitting $19.01. 734 shares of the company were exchanged, compared to its average volume of 15,000. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.44. Affinity Bancshares has a 1-year low of $17.00 and a 1-year high of $22.50. The stock has a market capitalization of $120.12 million, a PE ratio of 17.76 and a beta of 0.31. The business has a 50 day simple moving average of $18.49 and a 200-day simple moving average of $18.40.

Insider Buying and Selling at Affinity Bancshares

In related news, EVP Clark Nelson sold 9,473 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $18.21, for a total value of $172,503.33. Following the completion of the transaction, the executive vice president directly owned 14,962 shares of the company's stock, valued at approximately $272,458.02. This trade represents a 38.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Affinity Bancshares

An institutional investor recently bought a new position in Affinity Bancshares stock. Jane Street Group LLC bought a new position in shares of Affinity Bancshares, Inc. (NASDAQ:AFBI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,115 shares of the company's stock, valued at approximately $251,000. Jane Street Group LLC owned about 0.22% of Affinity Bancshares as of its most recent filing with the Securities and Exchange Commission (SEC). 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.