Tabor Asset Management LP Invests $2.51 Million in Affinity Bancshares, Inc. (NASDAQ:AFBI)

Tabor Asset Management LP purchased a new stake in Affinity Bancshares, Inc. (NASDAQ:AFBI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 141,222 shares of the company's stock, valued at approximately $2,508,000. Tabor Asset Management LP owned 2.23% of Affinity Bancshares as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AFBI. Yakira Capital Management Inc. lifted its holdings in shares of Affinity Bancshares by 11.5% during the fourth quarter. Yakira Capital Management Inc. now owns 143,822 shares of the company's stock valued at $2,517,000 after acquiring an additional 14,787 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of 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 acquiring an additional 1,684 shares during the period. Cigogne Management SA bought a new position in shares of Affinity Bancshares during the fourth quarter valued at $2,020,000. Credit Industriel ET Commercial bought a new position in shares of Affinity Bancshares during the fourth quarter valued at $1,193,000. Finally, Northern Trust Corp raised 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 buying an additional 5,283 shares during the last quarter. Institutional investors own 39.31% of the company's stock.

Insider Activity

In related news, EVP Clark Nelson sold 9,473 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $18.21, for a total value of $172,503.33. Following the sale, the executive vice president directly owned 14,962 shares of the company's stock, valued at approximately $272,458.02. The trade was a 38.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 12.35% of the company's stock.

Affinity Bancshares Price Performance

Shares of Affinity Bancshares stock traded down $0.10 during trading on Thursday, reaching $18.85. The company's stock had a trading volume of 2,135 shares, compared to its average volume of 15,279. The stock has a 50-day moving average price of $18.44 and a two-hundred day moving average price of $18.35. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.44. Affinity Bancshares, Inc. has a one year low of $17.00 and a one year high of $22.50. The stock has a market capitalization of $119.13 million, a P/E ratio of 20.94 and a beta of 0.31.

Affinity Bancshares (NASDAQ:AFBI - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported $0.28 earnings per share (EPS) for the quarter. Affinity Bancshares had a return on equity of 5.02% and a net margin of 11.69%. The business had revenue of $7.82 million during the quarter.

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.