Insider Selling: Affinity Bancshares, Inc. (NASDAQ:AFBI) Director Sells 703 Shares of Stock

Affinity Bancshares, Inc. (NASDAQ:AFBI) Director Howard G. Roberts sold 703 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $21.50, for a total transaction of $15,114.50. Following the sale, the director now directly owns 24,075 shares of the company’s stock, valued at $517,612.50. This trade represents a 2.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Affinity Bancshares Stock Up 0.1 %

Shares of Affinity Bancshares stock traded up $0.02 on Thursday, reaching $21.52. The company’s stock had a trading volume of 15,290 shares, compared to its average volume of 11,108. Affinity Bancshares, Inc. has a 52 week low of $14.02 and a 52 week high of $22.21. The firm’s fifty day simple moving average is $21.44 and its two-hundred day simple moving average is $20.69. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $137.94 million, a price-to-earnings ratio of 25.29 and a beta of 0.51.

Hedge Funds Weigh In On Affinity Bancshares

A number of hedge funds have recently bought and sold shares of AFBI. Dimensional Fund Advisors LP grew its stake in shares of Affinity Bancshares by 16.2% in the second 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 during the period. Renaissance Technologies LLC raised its stake in Affinity Bancshares by 3.5% during the 2nd quarter. Renaissance Technologies LLC now owns 51,348 shares of the company’s stock valued at $1,089,000 after buying an additional 1,744 shares during the last quarter. Lynch & Associates IN bought a new position in shares of Affinity Bancshares during the 3rd quarter valued at $266,000. Walleye Capital LLC boosted its stake in shares of 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 buying an additional 2,500 shares during the last quarter. Finally, Barclays PLC bought a new stake in shares of Affinity Bancshares in the third quarter worth $39,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

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.