Raffles Associates LP Has $4.26 Million Stock Holdings in Affinity Bancshares, Inc. (NASDAQ:AFBI)

Raffles Associates LP lowered its holdings in shares of Affinity Bancshares, Inc. (NASDAQ:AFBI) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,919 shares of the company’s stock after selling 1,182 shares during the quarter. Affinity Bancshares accounts for about 4.4% of Raffles Associates LP’s portfolio, making the stock its 8th biggest position. Raffles Associates LP owned about 3.10% of Affinity Bancshares worth $4,259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lynch & Associates IN acquired a new position in Affinity Bancshares in the 3rd quarter worth $266,000. Walleye Capital LLC lifted its holdings in shares of Affinity Bancshares by 13.1% in the third quarter. Walleye Capital LLC now owns 21,611 shares of the company’s stock valued at $463,000 after purchasing an additional 2,500 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Affinity Bancshares by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 46,033 shares of the company’s stock worth $976,000 after buying an additional 6,421 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Affinity Bancshares by 3.5% during the second quarter. Renaissance Technologies LLC now owns 51,348 shares of the company’s stock worth $1,089,000 after buying an additional 1,744 shares in the last quarter. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Howard G. Roberts sold 3,829 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.50, for a total transaction of $82,323.50. Following the completion of the transaction, the director now directly owns 28,172 shares in the company, valued at $605,698. This represents a 11.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 6,242 shares of company stock worth $134,203 over the last ninety days. Insiders own 10.76% of the company’s stock.

Affinity Bancshares Trading Up 0.8 %

NASDAQ AFBI opened at $21.67 on Friday. Affinity Bancshares, Inc. has a 52 week low of $14.02 and a 52 week high of $22.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50 day moving average price is $21.45 and its two-hundred day moving average price is $20.86. The stock has a market capitalization of $138.90 million, a price-to-earnings ratio of 25.49 and a beta of 0.51.

Affinity Bancshares Profile

Affinity Bancshares, Inc operates as the holding company for Affinity Bank that provides various banking products and services in Georgia. The company offers various deposit accounts, including savings accounts, checking accounts, certificates of deposit, and individual retirement accounts, as well as Kasasa (rewards) deposit program for checking accounts with interest rates or cash-back rewards.