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

Tabor Asset Management LP purchased a new stake in Affinity Bancshares, Inc. (NASDAQ:AFBI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AFBI. Cigogne Management SA purchased a new position in Affinity Bancshares in the 4th quarter valued at approximately $2,020,000. Credit Industriel ET Commercial purchased a new position in Affinity Bancshares in the 4th quarter valued at approximately $1,193,000. Yakira Capital Management Inc. increased its stake in Affinity Bancshares by 11.5% in the 4th quarter. Yakira Capital Management Inc. now owns 143,822 shares of the company's stock valued at $2,517,000 after purchasing an additional 14,787 shares in the last quarter. CSS LLC IL increased its stake in Affinity Bancshares by 23.7% in the 4th 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 in the last quarter. Finally, Northern Trust Corp increased its stake in Affinity Bancshares by 52.5% in the 4th quarter. Northern Trust Corp now owns 15,345 shares of the company's stock valued at $269,000 after purchasing an additional 5,283 shares in the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Affinity Bancshares

In other news, EVP Clark Nelson sold 9,473 shares of Affinity Bancshares stock in a transaction on Friday, June 6th. The stock was sold at an average price of $18.21, for a total value 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. The trade was a 38.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.35% of the stock is currently owned by corporate insiders.

Affinity Bancshares Price Performance

Affinity Bancshares stock traded up $0.03 during mid-day trading on Friday, hitting $18.68. 2,181 shares of the company were exchanged, compared to its average volume of 12,491. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.07. The business's 50 day simple moving average is $18.42 and its two-hundred day simple moving average is $18.31. The company has a market capitalization of $118.03 million, a P/E ratio of 20.75 and a beta of 0.31. Affinity Bancshares, Inc. has a 12-month low of $17.00 and a 12-month high of $22.50.

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 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%.

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.

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