Raffles Associates LP Acquires Shares of 41,230 Affinity Bancshares, Inc. $AFBI

Raffles Associates LP bought a new position in shares of Affinity Bancshares, Inc. (NASDAQ:AFBI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 41,230 shares of the company’s stock, valued at approximately $932,000. Affinity Bancshares makes up about 0.8% of Raffles Associates LP’s holdings, making the stock its 28th biggest position.

A number of other institutional investors also recently modified their holdings of the business. Longfellow Investment Management Co. LLC acquired a new position in shares of Affinity Bancshares in the second quarter valued at about $82,000. Objectivity Squared LLC bought a new position in Affinity Bancshares during the second quarter worth about $231,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Affinity Bancshares in the 1st quarter worth about $292,000. Jane Street Group LLC acquired a new stake in Affinity Bancshares in the 1st quarter worth about $251,000. Finally, Salzhauer Michael bought a new stake in Affinity Bancshares in the 2nd quarter valued at about $276,000. Institutional investors own 39.31% of the company’s stock.

Analysts Set New Price Targets

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

Affinity Bancshares Price Performance

Shares of NASDAQ AFBI opened at $23.00 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. Affinity Bancshares, Inc. has a 52 week low of $18.35 and a 52 week high of $23.00. The stock has a market capitalization of $140.19 million, a P/E ratio of 16.79 and a beta of 0.13. The stock’s fifty day moving average is $22.82 and its 200 day moving average is $21.91.

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.