Affinity Bancshares (NASDAQ:AFBI) Shares Down 0.1% - What's Next?

Key Points

• Affinity Bancshares shares decreased by 0.1% to $19.63 during mid-day trading, with trading volume falling 78% below the daily average.
• The company's debt-to-equity ratio is 0.44, and it reported a return on equity of 6.05% alongside a net margin of 13.78% in its latest earnings report.
• Insider Robert Vickers sold 7,565 shares, reducing his ownership by nearly 73%, while institutional investors currently hold 39.31% of the company's stock.

Affinity Bancshares, Inc. (NASDAQ:AFBI - Get Free Report)'s stock price were down 0.1% during mid-day trading on Wednesday . The stock traded as low as $19.67 and last traded at $19.63. Approximately 2,247 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 10,366 shares. The stock had previously closed at $19.65.

Affinity Bancshares Price Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.07. The company has a 50-day moving average price of $19.05 and a 200-day moving average price of $18.58. The firm has a market capitalization of $123.44 million, a PE ratio of 18.34 and a beta of 0.42.

Affinity Bancshares (NASDAQ:AFBI - Get Free Report) last released its earnings results on Friday, July 25th. The company reported $0.36 EPS for the quarter. The firm had revenue of $8.32 million during the quarter. Affinity Bancshares had a return on equity of 6.05% and a net margin of 13.78%.

Insider Buying and Selling

In related news, insider Robert Vickers sold 7,565 shares of the company's stock in a transaction on 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 directly owned 2,800 shares in the company, valued at approximately $54,516. This represents a 72.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 12.35% of the company's stock.

Institutional Investors Weigh In On Affinity Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Affinity Bancshares by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 54,933 shares of the company's stock worth $966,000 after acquiring an additional 1,684 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Affinity Bancshares by 14.6% during the first quarter. Farther Finance Advisors LLC now owns 16,302 shares of the company's stock worth $291,000 after acquiring an additional 2,075 shares during the last quarter. Northern Trust Corp increased its stake in Affinity Bancshares by 52.5% during the fourth quarter. Northern Trust Corp now owns 15,345 shares of the company's stock worth $269,000 after acquiring an additional 5,283 shares during the last quarter. CSS LLC IL increased its stake in Affinity Bancshares by 23.7% during the fourth quarter. CSS LLC IL now owns 39,779 shares of the company's stock worth $696,000 after acquiring an additional 7,629 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Affinity Bancshares during the first quarter worth about $251,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

About Affinity Bancshares

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.

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