Cigogne Management SA Takes Position in Affinity Bancshares, Inc. (NASDAQ:AFBI)

Cigogne Management SA bought a new position in Affinity Bancshares, Inc. (NASDAQ:AFBI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 115,419 shares of the company's stock, valued at approximately $2,020,000. Affinity Bancshares accounts for about 1.2% of Cigogne Management SA's holdings, making the stock its 22nd biggest position. Cigogne Management SA owned 1.80% of Affinity Bancshares as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of AFBI. Barclays PLC purchased a new position in shares of Affinity Bancshares during the third quarter valued at approximately $39,000. Yakira Capital Management Inc. boosted its stake in shares of Affinity Bancshares by 11.5% during the 4th quarter. Yakira Capital Management Inc. now owns 143,822 shares of the company's stock valued at $2,517,000 after purchasing an additional 14,787 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Affinity Bancshares during the third quarter valued at about $59,000. Geode Capital Management LLC raised its stake in Affinity Bancshares by 21.9% in the third quarter. Geode Capital Management LLC now owns 51,027 shares of the company's stock worth $1,093,000 after buying an additional 9,168 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in Affinity Bancshares by 80.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 28,315 shares of the company's stock valued at $496,000 after acquiring an additional 12,656 shares in the last quarter. Hedge funds and other institutional investors own 39.31% of the company's stock.

Affinity Bancshares Stock Down 0.2 %

Shares of NASDAQ:AFBI traded down $0.04 during trading on Friday, hitting $18.60. The stock had a trading volume of 4,768 shares, compared to its average volume of 15,877. The company has a market capitalization of $117.74 million, a PE ratio of 22.68 and a beta of 0.25. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. The firm's fifty day moving average is $18.34 and its 200 day moving average is $19.58. Affinity Bancshares, Inc. has a 12 month low of $16.60 and a 12 month high of $22.50.

Affinity Bancshares (NASDAQ:AFBI - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.26 earnings per share (EPS) for the quarter. Affinity Bancshares had a return on equity of 4.65% and a net margin of 10.88%.

Affinity Bancshares Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $1.50 dividend. The ex-dividend date of this dividend was Thursday, March 13th.

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.