Affinity Bancshares (NASDAQ:AFBI) Shares Up 0.1% – Should You Buy?

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

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Affinity Bancshares in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Affinity Bancshares Price Performance

The firm has a fifty day moving average of $22.53 and a two-hundred day moving average of $21.36. The stock has a market capitalization of $138.00 million, a P/E ratio of 16.54 and a beta of 0.13. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.12 and a quick ratio of 1.12.

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

Hedge Funds Weigh In On Affinity Bancshares

A number of large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC purchased a new stake in Affinity Bancshares during the third quarter worth $53,000. Jane Street Group LLC bought a new position in shares of Affinity Bancshares in the 1st quarter worth $251,000. Salzhauer Michael bought a new position in shares of Affinity Bancshares in the 2nd quarter worth $276,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Affinity Bancshares in the 1st quarter worth $292,000. Finally, Susquehanna International Group LLP lifted 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 worth $500,000 after purchasing an additional 3,850 shares during the last quarter. 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.