Raffles Associates LP Has $4.26 Million Stock Position in Affinity Bancshares, Inc. (NASDAQ:AFBI)

Raffles Associates LP reduced its position in shares of Affinity Bancshares, Inc. (NASDAQ:AFBI) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,919 shares of the company’s stock after selling 1,182 shares during the quarter. Affinity Bancshares accounts for approximately 4.4% of Raffles Associates LP’s investment portfolio, making the stock its 8th biggest holding. Raffles Associates LP’s holdings in Affinity Bancshares were worth $4,259,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AFBI. Renaissance Technologies LLC lifted its position in shares of Affinity Bancshares by 3.5% in the second quarter. Renaissance Technologies LLC now owns 51,348 shares of the company’s stock valued at $1,089,000 after buying an additional 1,744 shares during the last quarter. Walleye Capital LLC increased its holdings in shares of Affinity Bancshares by 13.1% during the 3rd quarter. Walleye Capital LLC now owns 21,611 shares of the company’s stock worth $463,000 after acquiring an additional 2,500 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Affinity Bancshares by 16.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 46,033 shares of the company’s stock valued at $976,000 after acquiring an additional 6,421 shares during the period. Finally, Lynch & Associates IN acquired a new stake in Affinity Bancshares during the 3rd quarter valued at $266,000. 39.31% of the stock is owned by institutional investors.

Affinity Bancshares Trading Up 0.8 %

AFBI stock opened at $21.67 on Friday. The stock has a market cap of $138.90 million, a price-to-earnings ratio of 25.49 and a beta of 0.51. The company has a fifty day moving average price of $21.45 and a two-hundred day moving average price of $20.86. Affinity Bancshares, Inc. has a one year low of $14.02 and a one year high of $22.21. 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 Buying and Selling

In related news, Director Howard G. Roberts sold 3,829 shares of Affinity Bancshares stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $21.50, for a total transaction of $82,323.50. Following the completion of the sale, the director now directly owns 28,172 shares of the company’s stock, valued at approximately $605,698. This trade represents a 11.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, 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.