Affinity Bancshares (NASDAQ:AFBI) Announces Quarterly Earnings Results

Posted by Joseph Casey on Jan 31st, 2025

Affinity Bancshares (NASDAQ:AFBI – Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.26 earnings per share (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 Performance

Affinity Bancshares stock traded down $0.18 during mid-day trading on Friday, reaching $18.27. The company’s stock had a trading volume of 7,847 shares, compared to its average volume of 25,202. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. Affinity Bancshares has a twelve month low of $14.93 and a twelve month high of $22.50. The business has a 50 day moving average price of $19.99 and a 200-day moving average price of $20.89. The firm has a market cap of $117.12 million, a price-to-earnings ratio of 21.49 and a beta of 0.54.

Insiders Place Their Bets

In other Affinity Bancshares 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 value of $82,323.50. Following the completion of the transaction, the director now directly owns 28,172 shares in the company, valued at $605,698. The trade was a 11.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have 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

(Get Free Report)

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.