Affinity Bancshares, Inc. is a Maryland corporation based in Covington, Georgia. The Company’s banking subsidiary, now named Affinity Bank, opened in 1928 and currently operates a full-service office in Atlanta, Georgia, two full-service offices in Covington, Georgia, a loan production office in Braselton, Georgia, and a loan production office serving the Alpharetta and Cumming, Georgia markets.
Company profile
Ticker
AFBI
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
AFBI stock data
Latest filings (excl ownership)
10-Q
2022 Q3
Quarterly report
10 Nov 22
8-K
Other Events
31 Oct 22
8-K
Announces Third Quarter 2022
26 Oct 22
8-K
Departure of Directors or Certain Officers
7 Oct 22
8-K
Departure of Directors or Certain Officers
2 Sep 22
10-Q
2022 Q2
Quarterly report
11 Aug 22
8-K
Departure of Directors or Certain Officers
3 Aug 22
8-K
Announces Second Quarter 2022
28 Jul 22
8-K
Departure of Directors or Certain Officers
5 Jul 22
8-K
Departure of Directors or Certain Officers
26 May 22
Latest ownership filings
SC 13G/A
Affinity Bancshares / Affinity Bancshares ownership change
31 Jan 23
4
Brandi C Pajot
1 Aug 22
4
Gregory J. Proffitt
6 Jul 22
4
Robert Vickers
6 Jul 22
4
Brandi C Pajot
6 Jul 22
4
Clark Nelson
6 Jul 22
4
Elizabeth Galazka
6 Jul 22
4
Edward John Cooney
6 Jul 22
4
Clark Nelson
1 Jun 22
4
Robin S Reich
25 May 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 40.51 mm | 40.51 mm | 40.51 mm | 40.51 mm | 40.51 mm | 40.51 mm |
| Cash burn (monthly) | 4.96 mm | 7.53 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 20.74 mm | 31.47 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 19.77 mm | 9.04 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 4.0 | 1.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
9.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 14 |
| Opened positions | 1 |
| Closed positions | 2 |
| Increased positions | 2 |
| Reduced positions | 2 |
| 13F shares | Current |
|---|---|
| Total value | 9.46 mm |
| Total shares | 647.80 k |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Raffles Associates | 248.61 k | $3.63 mm |
| Vanguard | 111.54 k | $1.63 mm |
| Stilwell Value | 64.84 k | $947.00 k |
| Renaissance Technologies | 64.50 k | $942.00 k |
| Bridgeway Capital Management | 31.50 k | $460.00 k |
| Fourthstone | 25.62 k | $374.00 k |
| Context BH Capital Management | 24.36 k | $356.00 k |
| Dimensional Fund Advisors | 23.69 k | $346.00 k |
| LYNCH & Associates | 15.00 k | $219.00 k |
| Geode Capital Management | 13.69 k | $200.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 28 Jul 22 | Brandi C Pajot | Common Stock | Grant | Acquire A | No | No | 0 | 5,000 | 0.00 | 13,816 |
| 1 Jul 22 | Cooney Edward John | Common Stock | Grant | Acquire A | No | No | 0 | 29,600 | 0.00 | 67,583 |
| 1 Jul 22 | Cooney Edward John | Stock Options Common Stock | Grant | Acquire A | No | No | 14.85 | 40,000 | 594.00 k | 40,000 |
| 1 Jul 22 | Galazka Elizabeth | Common Stock | Grant | Acquire A | No | No | 0 | 10,000 | 0.00 | 20,882 |
| 1 Jul 22 | Galazka Elizabeth | Stock Options Common Stock | Grant | Acquire A | No | No | 14.85 | 5,000 | 74.25 k | 5,000 |
| 1 Jul 22 | Brandi C Pajot | Stock Options Common Stock | Grant | Acquire A | No | No | 14.85 | 10,000 | 148.50 k | 10,000 |
| 1 Jul 22 | Nelson Clark | Common Stock | Grant | Acquire A | No | No | 0 | 10,000 | 0.00 | 21,424 |
| 1 Jul 22 | Nelson Clark | Stock Options Common Stock | Grant | Acquire A | No | No | 14.85 | 5,000 | 74.25 k | 5,000 |