Raffles Associates LP Purchases New Stake in Affinity Bancshares, Inc. $AFBI

Raffles Associates LP purchased a new stake in shares of Affinity Bancshares, Inc. (NASDAQ:AFBI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 41,230 shares of the company’s stock, valued at approximately $932,000. Affinity Bancshares makes up 0.8% of Raffles Associates LP’s investment portfolio, making the stock its 26th biggest position.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Affinity Bancshares in the second quarter valued at $598,000. Objectivity Squared LLC bought a new stake in shares of Affinity Bancshares during the second quarter worth about $231,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Affinity Bancshares in the 2nd quarter worth about $82,000. Gabelli Funds LLC acquired a new stake in shares of Affinity Bancshares in the 1st quarter worth about $640,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Affinity Bancshares in the 1st quarter worth about $622,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Affinity Bancshares in a research note on Monday, July 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Affinity Bancshares Price Performance

Shares of NASDAQ AFBI opened at $23.00 on Wednesday. The company has a market capitalization of $140.19 million, a PE ratio of 16.79 and a beta of 0.13. 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 stock’s 50 day moving average price is $22.81 and its 200-day moving average price is $21.88. Affinity Bancshares, Inc. has a twelve month low of $18.35 and a twelve month high of $23.00.

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.