Flywheel Private Wealth LLC Purchases New Stake in Affinity Bancshares, Inc. $AFBI

Flywheel Private Wealth LLC purchased a new stake in shares of Affinity Bancshares, Inc. (NASDAQ:AFBI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 41,000 shares of the company’s stock, valued at approximately $913,000.

Several other institutional investors also recently bought and sold shares of AFBI. FNY Investment Advisers LLC acquired a new stake in shares of Affinity Bancshares in the third quarter worth $53,000. Jane Street Group LLC purchased a new position in shares of Affinity Bancshares in the 1st quarter valued at $251,000. Salzhauer Michael acquired a new position in shares of Affinity Bancshares during the 2nd quarter valued at $276,000. Susquehanna International Group LLP lifted its holdings in shares of Affinity Bancshares by 17.9% during the 3rd quarter. Susquehanna International Group LLP now owns 25,346 shares of the company’s stock valued at $500,000 after acquiring an additional 3,850 shares in the last quarter. Finally, Beartown Capital Management LLC purchased a new stake in Affinity Bancshares during the 4th quarter worth $623,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Affinity Bancshares from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Affinity Bancshares Stock Performance

Affinity Bancshares stock opened at $22.53 on Monday. The firm has a market capitalization of $137.21 million, a PE ratio of 16.45 and a beta of 0.13. Affinity Bancshares, Inc. has a one year low of $18.32 and a one year high of $22.53. The stock’s 50 day moving average price is $22.46 and its 200 day moving average price is $21.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.12 and a current ratio of 1.12.

Affinity Bancshares (NASDAQ:AFBI) last issued its quarterly earnings data on Friday, April 24th. The company reported $0.36 earnings per share (EPS) for the quarter. The company had revenue of $8.12 million during the quarter. Affinity Bancshares had a net margin of 16.50% and a return on equity of 7.51%.

Affinity Bancshares 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.