Affinity Bancshares (NASDAQ:AFBI) Shares Up 1.4% - Time to Buy?

Key Points

• Affinity Bancshares shares increased by 1.4% to $18.76, although trading volume was significantly lower than average.
• Analysts have maintained a "hold" rating for Affinity Bancshares, indicating a cautious outlook on the stock.
• Institutional investors own 39.31% of the company's stock, highlighting strong interest from large financial entities.

Shares of Affinity Bancshares, Inc. (NASDAQ:AFBI - Get Free Report) traded up 1.4% on Monday . The stock traded as high as $18.61 and last traded at $18.76. 317 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 2,638 shares. The stock had previously closed at $18.51.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Affinity Bancshares in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".

Affinity Bancshares Stock Performance

The firm has a market capitalization of $118.00 million, a P/E ratio of 17.53 and a beta of 0.45. The stock has a 50-day moving average of $19.43 and a 200 day moving average of $18.78. 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 (NASDAQ:AFBI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.21 EPS for the quarter. The business had revenue of $7.33 million for the quarter. Affinity Bancshares had a return on equity of 6.05% and a net margin of 13.78%.

Insider Transactions at Affinity Bancshares

In other Affinity Bancshares 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 transaction of $147,290.55. Following the transaction, the insider owned 2,800 shares of the company's stock, valued at approximately $54,516. This represents a 72.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.35% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in Affinity Bancshares during the 1st quarter worth $251,000. Salzhauer Michael acquired a new position in Affinity Bancshares during the 2nd quarter worth $276,000. Finally, Tabor Asset Management LP acquired a new position in Affinity Bancshares during the 1st quarter worth $2,508,000. Institutional investors and hedge funds 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.

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