Affinity Bancshares (NASDAQ:AFBI) Releases Quarterly Earnings Results

Affinity Bancshares (NASDAQ:AFBI) posted its quarterly earnings results on Friday. The company reported $0.37 EPS for the quarter, Zacks reports. The business had revenue of $8.36 million during the quarter. Affinity Bancshares had a net margin of 13.78% and a return on equity of 6.05%.

Affinity Bancshares Trading Up 0.0%

Shares of NASDAQ:AFBI opened at $19.28 on Friday. The company has a 50 day moving average of $19.43 and a 200-day moving average of $18.82. The firm has a market cap of $121.28 million, a P/E ratio of 16.76 and a beta of 0.45. Affinity Bancshares has a twelve month low of $17.00 and a twelve month 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.

Insider Buying and Selling at Affinity Bancshares

In related news, insider Robert Vickers sold 7,565 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $19.47, for a total value of $147,290.55. Following the sale, the insider directly owned 2,800 shares in the company, valued at $54,516. The trade was a 72.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.35% of the company’s stock.

Institutional Trading of Affinity Bancshares

An institutional investor recently bought a new position in Affinity Bancshares stock. Jane Street Group LLC bought a new position in Affinity Bancshares, Inc. (NASDAQ:AFBI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,115 shares of the company’s stock, valued at approximately $251,000. Jane Street Group LLC owned approximately 0.22% of Affinity Bancshares at the end of the most recent reporting period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Affinity Bancshares in a research note on Friday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.