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Robin Reich, a director at Affinity Bancshares, Inc. (NASDAQ:AFBI), recently acquired 5,418 shares of the company’s common stock. The purchase, completed on June 2, 2025, was executed at a price of $18.49 per share, amounting to a total transaction value of $100,178. Following this acquisition, Reich’s direct ownership in the company increased to 24,494 shares. The transaction comes as Affinity Bancshares, a $115 million market cap company, trades slightly above its InvestingPro Fair Value. The stock has gained nearly 13% year-to-date, outperforming broader market indices.
In addition to the recent stock purchase, Reich holds various stock options. These include options to acquire 5,000 shares at an exercise price of $14.49, 10,500 shares at $14.87, and 9,068 shares at $7.77. The stock options vest at a rate of 20% per year, with different commencement dates for each batch of options.
This transaction reflects Reich’s continued investment in Affinity Bancshares, adding to his existing holdings and options in the company.
In other recent news, Affinity Bancshares, Inc. held its Annual Meeting of Stockholders, where key items on the agenda included the election of directors and the ratification of an accounting firm. Marshall L. Ginn and Mark J. Ross were elected as directors for a three-year term, while Wipfli LLP was confirmed as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Additionally, stockholders approved an advisory resolution on executive compensation. In another development, Affinity Bancshares announced the initiation of a stock repurchase program, authorizing the buyback of up to 320,480 shares, approximately 5% of its outstanding common stock. The repurchase will be conducted through various means, including open market transactions, and is subject to market conditions and the company’s financial performance. The program allows for flexibility, as it may be adjusted or terminated based on several factors, including market conditions and alternative investment opportunities. These recent developments reflect Affinity Bancshares’ ongoing strategic initiatives and financial management efforts.
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