Insider Selling: Affinity Bancshares, Inc. (NASDAQ:AFBI) Director Sells 1,346 Shares of Stock

Affinity Bancshares, Inc. (NASDAQ:AFBI) Director Howard G. Roberts sold 1,346 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $21.50, for a total value of $28,939.00. Following the sale, the director now directly owns 25,373 shares in the company, valued at approximately $545,519.50. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Affinity Bancshares Stock Performance

Affinity Bancshares stock opened at $21.50 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50 day moving average price is $21.44 and its 200-day moving average price is $20.69. Affinity Bancshares, Inc. has a 1 year low of $14.02 and a 1 year high of $22.21. The stock has a market cap of $137.82 million, a P/E ratio of 25.29 and a beta of 0.51.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC bought a new stake in shares of Affinity Bancshares in the third quarter worth about $39,000. Lynch & Associates IN purchased a new position in Affinity Bancshares during the 3rd quarter valued at approximately $266,000. Walleye Capital LLC increased its stake in Affinity Bancshares by 13.1% in the 3rd quarter. Walleye Capital LLC now owns 21,611 shares of the company’s stock worth $463,000 after acquiring an additional 2,500 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Affinity Bancshares by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 46,033 shares of the company’s stock worth $976,000 after acquiring an additional 6,421 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Affinity Bancshares by 21.9% during the 3rd quarter. Geode Capital Management LLC now owns 51,027 shares of the company’s stock valued at $1,093,000 after acquiring an additional 9,168 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

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.