Cigogne Management SA Invests $2.02 Million in Affinity Bancshares, Inc. (NASDAQ:AFBI)

Cigogne Management SA acquired a new stake in shares of Affinity Bancshares, Inc. (NASDAQ:AFBI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 115,419 shares of the company's stock, valued at approximately $2,020,000. Affinity Bancshares makes up approximately 1.2% of Cigogne Management SA's holdings, making the stock its 22nd largest position. Cigogne Management SA owned approximately 1.80% of Affinity Bancshares at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Affinity Bancshares by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 54,933 shares of the company's stock valued at $966,000 after buying an additional 1,684 shares in the last quarter. Barclays PLC purchased a new stake in Affinity Bancshares during the 3rd quarter valued at $39,000. JPMorgan Chase & Co. purchased a new stake in Affinity Bancshares during the 3rd quarter valued at $59,000. Geode Capital Management LLC boosted its stake in Affinity Bancshares by 21.9% during the 3rd quarter. Geode Capital Management LLC now owns 51,027 shares of the company's stock valued at $1,093,000 after purchasing an additional 9,168 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in Affinity Bancshares by 80.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 28,315 shares of the company's stock valued at $496,000 after purchasing an additional 12,656 shares during the last quarter. Institutional investors own 39.31% of the company's stock.

Affinity Bancshares Stock Down 0.2 %

AFBI traded down $0.04 during trading on Tuesday, hitting $18.53. 778 shares of the company's stock traded hands, compared to its average volume of 15,774. The company's 50 day simple moving average is $18.33 and its two-hundred day simple moving average is $19.54. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. Affinity Bancshares, Inc. has a 12-month low of $16.60 and a 12-month high of $22.50. The stock has a market capitalization of $117.32 million, a price-to-earnings ratio of 22.60 and a beta of 0.25.

Affinity Bancshares (NASDAQ:AFBI - Get Free Report) last issued its earnings results on Friday, January 31st. The company reported $0.26 EPS for the quarter. Affinity Bancshares had a return on equity of 4.65% and a net margin of 10.88%.

Affinity Bancshares Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, March 13th.

Affinity Bancshares 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.