Geode Capital Management LLC Grows Position in Affinity Bancshares, Inc. (NASDAQ:AFBI)

Geode Capital Management LLC boosted its stake in shares of Affinity Bancshares, Inc. (NASDAQ:AFBI) by 21.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,027 shares of the company’s stock after purchasing an additional 9,168 shares during the period. Geode Capital Management LLC owned approximately 0.80% of Affinity Bancshares worth $1,093,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Affinity Bancshares by 16.2% during the 2nd 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 last quarter. Renaissance Technologies LLC increased its stake in 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 acquiring an additional 1,744 shares during the last quarter. Walleye Capital LLC raised its holdings in shares of Affinity Bancshares by 13.1% in the 3rd quarter. Walleye Capital LLC now owns 21,611 shares of the company’s stock worth $463,000 after purchasing an additional 2,500 shares during the period. Lynch & Associates IN acquired a new position in shares of Affinity Bancshares in the 3rd quarter valued at about $266,000. Finally, Barclays PLC purchased a new stake in shares of Affinity Bancshares during the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

Insiders Place Their Bets

In other news, Director Howard G. Roberts sold 1,346 shares of Affinity Bancshares stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $21.50, for a total transaction of $28,939.00. Following the sale, the director now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 6,242 shares of company stock worth $134,203 over the last quarter. 10.76% of the stock is owned by corporate insiders.

Affinity Bancshares Price Performance

Affinity Bancshares stock opened at $17.65 on Friday. The firm has a fifty day moving average of $20.97 and a 200-day moving average of $21.20. Affinity Bancshares, Inc. has a 52-week low of $14.93 and a 52-week high of $22.50. 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 has a market capitalization of $113.17 million, a P/E ratio of 20.76 and a beta of 0.54.

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.