GABELLI & Co INVESTMENT ADVISERS INC. Makes New Investment in Affinity Bancshares, Inc. $AFBI

GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Affinity Bancshares, Inc. (NASDAQ:AFBI) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 27,950 shares of the company’s stock, valued at approximately $622,000. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.46% of Affinity Bancshares as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Maltese Capital Management LLC lifted its stake in shares of Affinity Bancshares by 5.5% in the 4th quarter. Maltese Capital Management LLC now owns 56,439 shares of the company’s stock valued at $1,152,000 after purchasing an additional 2,959 shares during the last quarter. Susquehanna International Group LLP raised its holdings in Affinity Bancshares by 17.9% during the third quarter. Susquehanna International Group LLP now owns 25,346 shares of the company’s stock valued at $500,000 after buying an additional 3,850 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Affinity Bancshares during the first quarter valued at about $292,000. Jane Street Group LLC acquired a new stake in shares of Affinity Bancshares in the first quarter worth about $251,000. Finally, Salzhauer Michael acquired a new stake in shares of Affinity Bancshares in the second quarter worth about $276,000. Institutional investors own 39.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Affinity Bancshares in a report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Affinity Bancshares Trading Up 0.0%

Affinity Bancshares stock opened at $22.95 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.12 and a current ratio of 1.12. The business’s 50-day simple moving average is $22.58 and its 200-day simple moving average is $21.46. The firm has a market capitalization of $139.77 million, a PE ratio of 16.75 and a beta of 0.13. Affinity Bancshares, Inc. has a 52 week low of $18.35 and a 52 week high of $22.97.

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

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.