Affinity Bancshares (NASDAQ:AFBI) Trading Up 0.1% - Here's What Happened

Key Points

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Shares of Affinity Bancshares, Inc. (NASDAQ:AFBI - Get Free Report) traded up 0.1% during trading on Monday . The company traded as high as $19.02 and last traded at $19.02. 2,221 shares were traded during mid-day 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 0.7%

The firm has a market cap of $119.76 million, a price-to-earnings ratio of 17.79 and a beta of 0.37. The business's 50 day moving average price is $18.77 and its 200-day moving average price is $18.49. 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 issued its earnings results on Friday, July 25th. The company reported $0.36 earnings per share (EPS) for the quarter. The business had revenue of $8.32 million for the quarter. Affinity Bancshares had a net margin of 13.78% and a return on equity of 6.05%.

Insider Buying and Selling at Affinity Bancshares

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AFBI. Tabor Asset Management LP bought a new position in Affinity Bancshares in the 1st quarter worth about $2,508,000. Salzhauer Michael bought a new position in Affinity Bancshares in the 2nd quarter worth about $276,000. Jane Street Group LLC bought a new position in Affinity Bancshares in the 1st quarter worth about $251,000. CSS LLC IL boosted its holdings 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 acquiring an additional 7,629 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings 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 acquiring an additional 5,283 shares in the last quarter. 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.