Affinity Bancshares (NASDAQ:AFBI) Posts Earnings Results

Affinity Bancshares (NASDAQ:AFBI) released its quarterly earnings results on Friday. The company reported $0.26 earnings per share (EPS) for the quarter, Zacks reports. Affinity Bancshares had a return on equity of 4.50% and a net margin of 11.38%.

Affinity Bancshares Trading Down 1.0 %

Shares of Affinity Bancshares stock traded down $0.18 during trading on Friday, hitting $18.26. 5,745 shares of the company were exchanged, compared to its average volume of 25,198. The firm has a market capitalization of $117.08 million, a P/E ratio of 21.48 and a beta of 0.54. Affinity Bancshares has a 1-year low of $14.93 and a 1-year high of $22.50. The firm’s fifty day moving average price is $19.99 and its 200 day moving average price is $20.89. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.07.

Insider Transactions at Affinity Bancshares

In other Affinity Bancshares news, Director Howard G. Roberts sold 1,346 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $21.50, for a total value of $28,939.00. Following the sale, the director now owns 25,373 shares in the company, valued at approximately $545,519.50. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 6,242 shares of company stock worth $134,203. 10.76% of the stock is currently owned by company insiders.

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.