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

Geode Capital Management LLC lowered its stake in Affinity Bancshares, Inc. (NASDAQ:AFBI) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,765 shares of the company’s stock after selling 1,262 shares during the period. Geode Capital Management LLC owned approximately 0.78% of Affinity Bancshares worth $871,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ lifted its holdings in Affinity Bancshares by 80.8% in the fourth 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 during the period. JPMorgan Chase & Co. purchased a new position in shares of Affinity Bancshares in the 3rd quarter valued at about $59,000. Finally, Barclays PLC acquired a new stake in shares of Affinity Bancshares in the third quarter valued at about $39,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

Affinity Bancshares Trading Down 1.4 %

Shares of Affinity Bancshares stock opened at $18.10 on Friday. The company has a 50-day moving average of $18.30 and a two-hundred day moving average of $19.51. Affinity Bancshares, Inc. has a 12-month low of $16.60 and a 12-month high of $22.50. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. The stock has a market cap of $114.57 million, a PE ratio of 22.07 and a beta of 0.25.

Affinity Bancshares (NASDAQ:AFBI) last released its quarterly earnings data on Friday, January 31st. The company reported $0.26 earnings per share 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 company also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $1.50 per share. The ex-dividend date 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.