Raffles Associates LP Invests $932,000 in Affinity Bancshares, Inc. $AFBI

Raffles Associates LP acquired a new stake in Affinity Bancshares, Inc. (NASDAQ:AFBI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 41,230 shares of the company’s stock, valued at approximately $932,000. Affinity Bancshares makes up approximately 0.8% of Raffles Associates LP’s portfolio, making the stock its 28th largest holding. Raffles Associates LP owned 0.68% of Affinity Bancshares at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AFBI. Maltese Capital Management LLC boosted its position in Affinity Bancshares by 5.5% during the fourth quarter. Maltese Capital Management LLC now owns 56,439 shares of the company’s stock valued at $1,152,000 after purchasing an additional 2,959 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Affinity Bancshares in the 2nd quarter valued at approximately $82,000. Susquehanna International Group LLP boosted its holdings in shares of Affinity Bancshares by 17.9% in the 3rd quarter. Susquehanna International Group LLP now owns 25,346 shares of the company’s stock valued at $500,000 after buying an additional 3,850 shares during the last quarter. Objectivity Squared LLC bought a new position in shares of Affinity Bancshares in the second quarter valued at $231,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Affinity Bancshares in the first quarter valued at $292,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

Affinity Bancshares Price Performance

Shares of AFBI opened at $23.00 on Friday. The company’s 50-day moving average is $22.82 and its 200-day moving average is $21.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $140.19 million, a PE ratio of 16.79 and a beta of 0.13. Affinity Bancshares, Inc. has a fifty-two week low of $18.35 and a fifty-two week high of $23.00.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Affinity Bancshares in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Affinity Bancshares Profile

Affinity Bancshares, Inc is a bank holding company whose primary subsidiary, Affinity Bank, offers a full range of financial products and services to individuals and businesses. Founded to serve the evolving banking needs of its communities, the company provides demand, savings and time deposit accounts, along with treasury management and online banking capabilities. It caters to retail and commercial clients seeking deposit, cash management and payment solutions.

On the lending side, Affinity Bank extends credit through commercial real estate loans, small business administration loans and traditional commercial lines of credit.