Yakira Capital Management Inc. cut its stake in shares of Affinity Bancshares, Inc. (NASDAQ:AFBI – Free Report) by 26.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,802 shares of the company’s stock after selling 24,704 shares during the quarter. Yakira Capital Management Inc. owned approximately 1.13% of Affinity Bancshares worth $1,429,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of AFBI. Alliancebernstein L.P. boosted its stake in Affinity Bancshares by 49.2% during the third quarter. Alliancebernstein L.P. now owns 546,552 shares of the company’s stock worth $10,778,000 after acquiring an additional 180,121 shares in the last quarter. Salzhauer Michael bought a new position in Affinity Bancshares during the second quarter worth $276,000. Jane Street Group LLC bought a new position in Affinity Bancshares during the first quarter worth $251,000. Maltese Capital Management LLC boosted its stake in Affinity Bancshares by 13.8% during the third quarter. Maltese Capital Management LLC now owns 53,480 shares of the company’s stock worth $1,055,000 after acquiring an additional 6,480 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its stake in Affinity Bancshares by 17.9% during the third quarter. Susquehanna International Group LLP now owns 25,346 shares of the company’s stock worth $500,000 after acquiring an additional 3,850 shares in the last quarter. 39.31% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Affinity Bancshares from a “hold (c)” rating to a “buy (b)” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.
Affinity Bancshares Stock Up 0.0%
Affinity Bancshares stock opened at $22.53 on Monday. Affinity Bancshares, Inc. has a 1-year low of $18.20 and a 1-year high of $22.52. The firm has a market capitalization of $137.21 million, a price-to-earnings ratio of 16.45 and a beta of 0.13. The firm’s fifty day moving average price is $22.43 and its two-hundred day moving average price is $21.01. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.42.
Affinity Bancshares (NASDAQ:AFBI – Get Free Report) last released its quarterly earnings data on Friday, April 24th. The company reported $0.36 earnings per share for the quarter. Affinity Bancshares had a net margin of 16.50% and a return on equity of 7.51%. The firm had revenue of $8.12 million for the quarter.
Affinity Bancshares Company Profile
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.
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