Affinity Bancshares (NASDAQ:AFBI) Releases Earnings Results

Affinity Bancshares (NASDAQ:AFBI - Get Free Report) posted its quarterly earnings data on Friday. The company reported $0.26 earnings per share for the quarter, Zacks reports. Affinity Bancshares had a net margin of 10.88% and a return on equity of 4.65%.

Affinity Bancshares Trading Up 0.2 %

Shares of AFBI traded up $0.04 during trading hours on Tuesday, hitting $18.29. The company had a trading volume of 10,429 shares, compared to its average volume of 24,823. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. Affinity Bancshares has a 52-week low of $14.93 and a 52-week high of $22.50. The firm has a market cap of $117.24 million, a P/E ratio of 22.31 and a beta of 0.54. The stock's 50 day moving average price is $19.86 and its 200 day moving average price is $20.84.

Insider Buying and Selling

In other news, Director Howard G. Roberts sold 1,346 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $21.50, for a total transaction of $28,939.00. Following the completion of the transaction, the director now directly owns 25,373 shares in the company, valued at $545,519.50. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 6,242 shares of company stock valued at $134,203 over the last three months. 10.76% of the stock is owned by company insiders.

About Affinity Bancshares

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.