Affinity Bancshares Reports Quarterly Earnings

Affinity Bancshares (NASDAQ:AFBI) announced its earnings results on Friday, revealing earnings per share (EPS) of $0.26 for the quarter, according to Zacks.

Affinity Bancshares Stock Performance

During trading on Friday, Affinity Bancshares shares fell by 1.0%, dropping $0.18 to reach a price of $18.26. A total of 5,745 shares exchanged hands compared to the average trading volume of 25,198. The company's market capitalization stands at $117.08 million, and it has a price-to-earnings (P/E) ratio of 21.48 along with a beta of 0.54. Over the past year, the stock has fluctuated between a low of $14.93 and a high of $22.50. Currently, Affinity Bancshares' 50-day moving average price is $19.99, while the 200-day moving average price is $20.89. The firm's debt-to-equity ratio is 0.46, and it holds a current ratio of 1.07 as well as a quick ratio of 1.07.

Insider Activity at Affinity Bancshares

In additional news, Director Howard G. Roberts sold 1,346 shares of Affinity Bancshares' stock in a transaction that occurred on November 8. The shares were sold at an average price of $21.50, amounting to a total sale value of $28,939. Following this transaction, the director retains ownership of 25,373 shares valued at approximately $545,519.50, marking a 5.04% reduction in his holdings. This sale was documented in a legal filing with the SEC. Over the past ninety days, insiders have sold a total of 6,242 shares worth $134,203, with company insiders currently holding 10.76% of the stock.

About Affinity Bancshares

Affinity Bancshares, Inc. serves as the holding company for Affinity Bank, which offers a variety of banking products and services across Georgia. Their offerings include various deposit accounts such as savings accounts, checking accounts, certificates of deposit, and individual retirement accounts. They also provide a Kasasa rewards program, which gives cash-back benefits or interest rewards on checking accounts.

Investment Considerations for Affinity Bancshares

Before making any investment decisions regarding Affinity Bancshares, it is important to do thorough research. Current analyses suggest that while the stock has a 'Hold' rating, there are alternative stocks that some analysts believe may provide better opportunities for investment.

Affinity, Bancshares, Earnings