Affinity Bancshares (NASDAQ:AFBI) Issues Quarterly Earnings Results

Affinity Bancshares (NASDAQ:AFBI) released its earnings results on Friday. The company reported $0.26 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 Stock Down 1.0 %

Affinity Bancshares stock traded down $0.18 during mid-day trading on Friday, reaching $18.26. The stock had a trading volume of 5,745 shares, compared to its average volume of 25,198. 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 has a fifty-two week low of $14.93 and a fifty-two week high of $22.50. The stock’s 50-day simple moving average is $19.99 and its 200-day simple moving average is $20.89. The firm has a market capitalization of $117.08 million, a PE ratio of 21.48 and a beta of 0.54.

Insider Buying and Selling at Affinity Bancshares

In related news, Director Howard G. Roberts sold 1,346 shares of Affinity Bancshares stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $21.50, for a total transaction of $28,939.00. Following the transaction, the director now owns 25,373 shares of the company’s stock, valued at $545,519.50. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 6,242 shares of company stock valued at $134,203. Company insiders own 10.76% 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.