Gabelli Funds LLC bought a new stake in shares of Affinity Bancshares, Inc. (NASDAQ:AFBI – Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 28,737 shares of the company’s stock, valued at approximately $640,000. Gabelli Funds LLC owned about 0.47% of Affinity Bancshares as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Flywheel Private Wealth LLC bought a new position in Affinity Bancshares during the first quarter valued at about $913,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Affinity Bancshares in the 1st quarter worth approximately $622,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Affinity Bancshares in the 1st quarter worth approximately $292,000. Beartown Capital Management LLC acquired a new stake in shares of Affinity Bancshares during the 4th quarter worth approximately $623,000. Finally, Maltese Capital Management LLC grew its holdings in shares of Affinity Bancshares by 5.5% during the 4th quarter. Maltese Capital Management LLC now owns 56,439 shares of the company’s stock worth $1,152,000 after purchasing an additional 2,959 shares in the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.
Affinity Bancshares Stock Up 0.0%
Shares of AFBI opened at $23.00 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $22.62 and a two-hundred day moving average price of $21.54. The stock has a market cap of $140.07 million, a price-to-earnings ratio of 16.79 and a beta of 0.13. Affinity Bancshares, Inc. has a 12 month low of $18.35 and a 12 month high of $23.00.
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Affinity Bancshares 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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