Gabelli Funds LLC Makes New $640,000 Investment in Affinity Bancshares, Inc. $AFBI

Gabelli Funds LLC acquired a new stake in shares of Affinity Bancshares, Inc. (NASDAQ:AFBI) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 28,737 shares of the company’s stock, valued at approximately $640,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Affinity Bancshares in the 1st quarter worth about $251,000. Salzhauer Michael bought a new position in Affinity Bancshares during the 2nd quarter valued at about $276,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Affinity Bancshares during the 1st quarter valued at about $292,000. Susquehanna International Group LLP boosted its position in Affinity Bancshares by 17.9% in the third quarter. Susquehanna International Group LLP now owns 25,346 shares of the company’s stock valued at $500,000 after buying an additional 3,850 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Affinity Bancshares in the first quarter valued at about $622,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

Affinity Bancshares Stock Performance

Shares of NASDAQ:AFBI opened at $23.00 on Friday. The business has a fifty day moving average of $22.62 and a 200-day moving average of $21.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.12 and a current ratio of 1.12. Affinity Bancshares, Inc. has a twelve month low of $18.35 and a twelve month high of $23.00. The firm has a market cap of $140.07 million, a PE ratio of 16.79 and a beta of 0.13.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Affinity Bancshares in a research note on Monday, July 13th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Affinity Bancshares Company Profile

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.