Flywheel Private Wealth LLC Takes $913,000 Position in Affinity Bancshares, Inc. $AFBI

Flywheel Private Wealth LLC bought a new stake in Affinity Bancshares, Inc. (NASDAQ:AFBI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 41,000 shares of the company’s stock, valued at approximately $913,000. Flywheel Private Wealth LLC owned about 0.67% of Affinity Bancshares at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AFBI. FNY Investment Advisers LLC acquired a new stake in Affinity Bancshares in the 3rd quarter worth about $53,000. Jane Street Group LLC acquired a new position in shares of Affinity Bancshares during the 1st quarter valued at about $251,000. Salzhauer Michael acquired a new position in shares of Affinity Bancshares during the 2nd quarter valued at about $276,000. Susquehanna International Group LLP increased its stake in shares of Affinity Bancshares by 17.9% during the 3rd quarter. Susquehanna International Group LLP now owns 25,346 shares of the company’s stock valued at $500,000 after acquiring an additional 3,850 shares during the last quarter. Finally, Beartown Capital Management LLC purchased a new position in shares of Affinity Bancshares during the 4th quarter worth about $623,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Affinity Bancshares Stock Performance

AFBI stock opened at $22.53 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.42. The company has a market cap of $137.21 million, a price-to-earnings ratio of 16.45 and a beta of 0.13. The business has a fifty day simple moving average of $22.46 and a 200-day simple moving average of $21.11. Affinity Bancshares, Inc. has a 52 week low of $18.32 and a 52 week high of $22.53.

Affinity Bancshares (NASDAQ:AFBI) last issued its earnings results on Friday, April 24th. The company reported $0.36 earnings per share for the quarter. Affinity Bancshares had a return on equity of 7.51% and a net margin of 16.50%.The firm had revenue of $8.12 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Affinity Bancshares from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently 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.