Affinity Bancshares (NASDAQ:AFBI) Trading Up 0.1% - Time to Buy?

Key Points

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Affinity Bancshares, Inc. (NASDAQ:AFBI - Get Free Report)'s share price traded up 0.1% on Monday . The company traded as high as $19.02 and last traded at $19.02. 2,221 shares traded hands during trading, a decline of 51% from the average session volume of 4,520 shares. The stock had previously closed at $19.00.

Affinity Bancshares Trading Up 0.1%

The stock has a market cap of $119.64 million, a PE ratio of 17.78 and a beta of 0.37. The stock has a 50-day moving average price of $18.71 and a two-hundred day moving average price of $18.47. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.07.

Affinity Bancshares (NASDAQ:AFBI - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.36 earnings per share 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 at Affinity Bancshares

In other news, EVP Clark Nelson sold 9,473 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.21, for a total transaction of $172,503.33. Following the completion of the transaction, the executive vice president owned 14,962 shares in the company, valued at $272,458.02. This trade represents a 38.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 12.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Tabor Asset Management LP purchased a new position in shares of Affinity Bancshares during the first quarter valued at about $2,508,000. Cigogne Management SA bought a new stake in Affinity Bancshares during the fourth quarter worth approximately $2,020,000. Credit Industriel ET Commercial bought a new stake in Affinity Bancshares during the fourth quarter worth approximately $1,193,000. Dimensional Fund Advisors LP raised its position in Affinity Bancshares by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 54,933 shares of the company's stock valued at $966,000 after purchasing an additional 1,684 shares during the period. Finally, CSS LLC IL raised its position in Affinity Bancshares by 23.7% during 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. Hedge funds and other 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.

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