Yakira Capital Management Inc. Sells 24,704 Shares of Affinity Bancshares, Inc. $AFBI

Yakira Capital Management Inc. decreased its position in Affinity Bancshares, Inc. (NASDAQ:AFBI) by 26.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,802 shares of the company’s stock after selling 24,704 shares during the quarter. Yakira Capital Management Inc.’s holdings in Affinity Bancshares were worth $1,429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AFBI. Alliancebernstein L.P. lifted its position in shares of Affinity Bancshares by 49.2% during the third quarter. Alliancebernstein L.P. now owns 546,552 shares of the company’s stock valued at $10,778,000 after purchasing an additional 180,121 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of Affinity Bancshares by 17.9% during the third quarter. Susquehanna International Group LLP now owns 25,346 shares of the company’s stock valued at $500,000 after purchasing an additional 3,850 shares in the last quarter. Salzhauer Michael bought a new position in shares of Affinity Bancshares during the second quarter valued at about $276,000. Jane Street Group LLC bought a new position in shares of Affinity Bancshares during the first quarter valued at about $251,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Affinity Bancshares during the third quarter valued at about $53,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Affinity Bancshares Stock Up 0.0%

AFBI opened at $22.53 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.12 and a quick ratio of 1.12. The company’s 50-day moving average is $22.43 and its 200 day moving average is $21.01. Affinity Bancshares, Inc. has a fifty-two week low of $18.20 and a fifty-two week high of $22.52. The firm has a market capitalization of $137.21 million, a P/E ratio of 16.45 and a beta of 0.13.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Affinity Bancshares from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

About Affinity Bancshares

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.