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

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

A number of other large investors have also bought and sold shares of AFBI. Yakira Capital Management Inc. increased its position in Affinity Bancshares by 11.5% in the fourth quarter. Yakira Capital Management Inc. now owns 143,822 shares of the company's stock worth $2,517,000 after buying an additional 14,787 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Affinity Bancshares by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 54,933 shares of the company's stock worth $966,000 after buying an additional 1,684 shares during the last quarter. Cigogne Management SA purchased a new stake in shares of Affinity Bancshares during the fourth quarter worth $2,020,000. Credit Industriel ET Commercial purchased a new stake in shares of Affinity Bancshares during the fourth quarter worth $1,193,000. Finally, Northern Trust Corp lifted its position in shares of Affinity Bancshares by 52.5% during the fourth quarter. Northern Trust Corp now owns 15,345 shares of the company's stock worth $269,000 after acquiring an additional 5,283 shares in the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Affinity Bancshares

In other Affinity Bancshares news, EVP Clark Nelson sold 9,473 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $272,458.02. This represents a 38.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 12.35% of the company's stock.

Affinity Bancshares Stock Performance

Shares of NASDAQ AFBI traded up $0.06 during mid-day trading on Monday, hitting $18.71. The company had a trading volume of 24,817 shares, compared to its average volume of 12,550. The company has a market capitalization of $118.22 million, a price-to-earnings ratio of 20.78 and a beta of 0.31. Affinity Bancshares, Inc. has a 1 year low of $17.00 and a 1 year high of $22.50. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.44. The stock's 50-day moving average price is $18.42 and its 200-day moving average price is $18.33.

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

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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