27,950 Shares in Affinity Bancshares, Inc. $AFBI Bought by GABELLI & Co INVESTMENT ADVISERS INC.

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

A number of other hedge funds have also recently bought and sold shares of the stock. Alliancebernstein L.P. grew its position in Affinity Bancshares by 49.2% in the 3rd quarter. Alliancebernstein L.P. now owns 546,552 shares of the company’s stock worth $10,778,000 after purchasing an additional 180,121 shares during the last quarter. Maltese Capital Management LLC raised its position in shares of Affinity Bancshares by 5.5% during the fourth quarter. Maltese Capital Management LLC now owns 56,439 shares of the company’s stock valued at $1,152,000 after buying an additional 2,959 shares during the last quarter. Flywheel Private Wealth LLC bought a new stake in shares of Affinity Bancshares in the first quarter valued at about $913,000. Beartown Capital Management LLC bought a new stake in shares of Affinity Bancshares in the fourth quarter valued at about $623,000. Finally, Susquehanna International Group LLP grew its position in Affinity Bancshares by 17.9% during the third quarter. Susquehanna International Group LLP now owns 25,346 shares of the company’s stock worth $500,000 after buying an additional 3,850 shares in the last quarter. 39.31% of the stock is owned by institutional investors.

Affinity Bancshares Stock Up 0.0%

Shares of AFBI stock opened at $22.95 on Friday. The stock has a market cap of $139.77 million, a P/E ratio of 16.75 and a beta of 0.13. Affinity Bancshares, Inc. has a one year low of $18.35 and a one year high of $22.97. The stock has a fifty day moving average price of $22.58 and a 200 day moving average price of $21.46. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.12 and a quick ratio of 1.12.

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

Wall Street Analyst Weigh In

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

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.