Insider Selling: Affinity Bancshares, Inc. (NASDAQ:AFBI) EVP Sells 9,473 Shares of Stock

Affinity Bancshares, Inc. (NASDAQ:AFBI) EVP Clark Nelson sold 9,473 shares of the company’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.21, for a total transaction of $172,503.33. Following the completion of the transaction, the executive vice president now owns 14,962 shares of the company’s stock, valued at approximately $272,458.02. This trade represents a 38.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Clark Nelson also recently made the following trade(s):

• On Monday, June 9th, Clark Nelson sold 445 shares of Affinity Bancshares stock. The stock was sold at an average price of $18.18, for a total transaction of $8,090.10.

Affinity Bancshares Trading Up 0.7%

Shares of Affinity Bancshares stock opened at $18.20 on Tuesday. The firm has a 50-day simple moving average of $18.19 and a two-hundred day simple moving average of $18.90. The company has a market cap of $114.95 million, a P/E ratio of 22.20 and a beta of 0.32. Affinity Bancshares, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $22.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.07.

Affinity Bancshares (NASDAQ:AFBI) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.28 earnings per share for the quarter. The business had revenue of $7.82 million during the quarter. Affinity Bancshares had a net margin of 10.88% and a return on equity of 4.65%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AFBI. Yakira Capital Management Inc. raised its position in shares of Affinity Bancshares by 11.5% during the 4th quarter. Yakira Capital Management Inc. now owns 143,822 shares of the company’s stock worth $2,517,000 after purchasing an additional 14,787 shares during the last quarter. Tabor Asset Management LP acquired a new position in shares of Affinity Bancshares during the 1st quarter worth about $2,508,000. Cigogne Management SA acquired a new position in shares of Affinity Bancshares during the 4th quarter worth about $2,020,000. Credit Industriel ET Commercial acquired a new position in shares of Affinity Bancshares during the 4th quarter worth about $1,193,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Affinity Bancshares by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 54,933 shares of the company’s stock worth $966,000 after purchasing an additional 1,684 shares during the last quarter. Institutional investors and hedge funds 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.