Affinity Bancshares (NASDAQ:AFBI) Stock Price Down 1.9% - Here's What Happened

Shares of Affinity Bancshares, Inc. (NASDAQ:AFBI - Get Free Report) traded down 1.9% during mid-day trading on Friday . The company traded as low as $19.30 and last traded at $19.3650. 7,494 shares traded hands during trading, a decline of 38% from the average session volume of 12,052 shares. The stock had previously closed at $19.75.Get Affinity Bancshares alerts:Analysts Set New Price TargetsSeparately, Weiss Ratings reiterated a "hold (c)" rating on shares of Affinity Bancshares in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".Check Out Our Latest Research Report on Affinity BancsharesAffinity Bancshares Price PerformanceThe stock has a 50 day moving average of $19.20 and a 200-day moving average of $18.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $119.44 million, a PE ratio of 16.84 and a beta of 0.46. Affinity Bancshares (NASDAQ:AFBI - Get Free Report) last announced its quarterly earnings data on Friday, October 24th. The company reported $0.37 earnings per share for the quarter. Affinity Bancshares had a return on equity of 6.61% and a net margin of 14.55%.The business had revenue of $8.36 million for the quarter. Hedge Funds Weigh In On Affinity BancsharesInstitutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. boosted its holdings in shares of Affinity Bancshares by 49.2% in the 3rd quarter. Alliancebernstein L.P. now owns 546,552 shares of the company's stock valued at $10,778,000 after acquiring an additional 180,121 shares during the last quarter. Maltese Capital Management LLC raised its holdings in shares of Affinity Bancshares by 13.8% during the third quarter. Maltese Capital Management LLC now owns 53,480 shares of the company's stock worth $1,055,000 after purchasing an additional 6,480 shares during the last quarter. Susquehanna International Group LLP lifted its position in 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 during the period. Salzhauer Michael purchased a new stake in Affinity Bancshares in the second quarter valued at $276,000. Finally, Jane Street Group LLC acquired a new stake in Affinity Bancshares during the 1st quarter worth about $251,000. 39.31% of the stock is owned by hedge funds and other institutional investors. About Affinity Bancshares (Get Free Report)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.Further ReadingFive stocks we like better than Affinity BancsharesQuiet Period Expirations ExplainedPower On: Applied Digital’s First AI Data Center Goes LiveDifferences Between Momentum Investing and Long Term Investing Alphabet: The AI Leader Best Positioned to Dominate 2026Canadian Penny Stocks: Can They Make You Rich? 2 Reasons to Load Up on Fiserv, 1 to Stay AwayThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Affinity Bancshares Right Now?Before you consider Affinity Bancshares, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Affinity Bancshares wasn't on the list.While Affinity Bancshares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here