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) dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $19.67 and last traded at $19.63. Approximately 2,247 shares were traded 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 stock has a market capitalization of $123.22 million, a price-to-earnings ratio of 18.31 and a beta of 0.42. The stock's 50 day simple moving average is $19.12 and its 200-day simple moving average is $18.59.

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

Insider Activity at Affinity Bancshares

In other news, insider Robert Vickers sold 7,565 shares of Affinity Bancshares stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $19.47, for a total value of $147,290.55. Following the transaction, the insider owned 2,800 shares of the company's stock, valued at $54,516. This trade 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 this hyperlink. 12.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Affinity Bancshares

A number of institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of Affinity Bancshares by 14.6% in the first quarter. Farther Finance Advisors LLC now owns 16,302 shares of the company's stock valued at $291,000 after purchasing an additional 2,075 shares during the period. Northern Trust Corp raised its position in shares of Affinity Bancshares by 52.5% in the fourth quarter. Northern Trust Corp now owns 15,345 shares of the company's stock valued at $269,000 after purchasing an additional 5,283 shares during the period. CSS LLC IL raised its position in shares of Affinity Bancshares by 23.7% in the fourth quarter. CSS LLC IL now owns 39,779 shares of the company's stock valued at $696,000 after purchasing an additional 7,629 shares during the period. Jane Street Group LLC bought a new position in shares of Affinity Bancshares in the first quarter valued at approximately $251,000. Finally, Salzhauer Michael bought a new position in Affinity Bancshares during the second quarter worth $276,000. Institutional investors own 39.31% of the company's stock.

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.