Affinity Bancshares (NASDAQ:AFBI) Stock Price Up 0.1% – Here’s What Happened

Shares of Affinity Bancshares, Inc. (NASDAQ:AFBI) were up 0.1% on Monday . The company traded as high as $22.68 and last traded at $22.68. 7,077 shares traded hands during trading, a decline of 27% from the average daily volume of 9,671 shares. The stock had previously closed at $22.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded 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, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Affinity Bancshares Stock Performance

The firm has a fifty day simple moving average of $22.52 and a 200-day simple moving average of $21.35. 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 $138.12 million, a PE ratio of 16.55 and a beta of 0.13.

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

Institutional Investors Weigh In On Affinity Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its holdings in shares of Affinity Bancshares by 49.2% in the third quarter. Alliancebernstein L.P. now owns 546,552 shares of the company’s stock valued at $10,778,000 after acquiring an additional 180,121 shares during the period. Flywheel Private Wealth LLC acquired a new position in shares of Affinity Bancshares in the 1st quarter valued at $913,000. Beartown Capital Management LLC acquired a new position in shares of Affinity Bancshares in the 4th quarter valued at $623,000. Gabelli Funds LLC purchased a new stake in Affinity Bancshares in the 1st quarter valued at $640,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Affinity Bancshares in the 1st quarter valued at $622,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

About Affinity Bancshares

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.