New Risk • Apr 26
New major risk - Revenue and earnings growth Earnings have declined by 0.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 26
First quarter 2026 earnings released: EPS: US$0.38 (vs US$0.29 in 1Q 2025) First quarter 2026 results: EPS: US$0.38 (up from US$0.29 in 1Q 2025). Revenue: US$8.22m (up 5.8% from 1Q 2025). Net income: US$2.28m (up 25% from 1Q 2025). Profit margin: 28% (up from 24% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 14% per year. Aankondiging • Mar 31
The Fidelity Bank signed a definitive merger agreement to acquire Affinity Bancshares, Inc. (NasdaqCM:AFBI) for approximately $150 million. The Fidelity Bank signed a definitive merger agreement to acquire Affinity Bancshares, Inc. (NasdaqCM:AFBI) for approximately $150 million on March 30, 2026. Under the terms of the agreement, each Affinity shareholder will receive $23.00 per share in cash, subject to adjustment based on Affinity’s adjusted stockholders’ equity at closing.
Following the close of the transaction, Fidelity will operate two branches in Georgia in addition to its 52 North Carolina branches, two South Carolina branches and one Virginia branch.
The boards of directors of both Fidelity and Affinity have unanimously approved the transaction. The transaction is subject to regulatory approvals, Affinity stockholder approval, and other customary closing conditions. The transaction is expected to close in the third quarter of 2026.
Raymond James Financial, Inc. acted as financial advisor for The Fidelity Bank. Ward & Smith acted as legal advisor for The Fidelity Bank. Performance Trust Capital Partners, LLC acted as financial advisor for Affinity Bancshares, Inc. Luse Gorman, P.C acted as legal advisor for Affinity Bancshares, Inc. Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: US$1.33 (vs US$0.85 in FY 2024) Full year 2025 results: EPS: US$1.33 (up from US$0.85 in FY 2024). Revenue: US$32.9m (up 7.6% from FY 2024). Net income: US$8.33m (up 53% from FY 2024). Profit margin: 25% (up from 18% in FY 2024). The increase in margin was primarily driven by higher revenue. Non-performing loans: 0.48% (down from 0.67% in FY 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 25
Full year 2025 earnings released Full year 2025 results: Net income: (down US$5.44m from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. New Risk • Jan 25
New major risk - Revenue and earnings growth Earnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: US$0.35 (vs US$0.27 in 3Q 2024) Third quarter 2025 results: EPS: US$0.35 (up from US$0.27 in 3Q 2024). Revenue: US$8.35m (up 4.6% from 3Q 2024). Net income: US$2.22m (up 28% from 3Q 2024). Profit margin: 27% (up from 22% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Jul 27
Second quarter 2025 earnings released: EPS: US$0.34 (vs US$0.16 in 2Q 2024) Second quarter 2025 results: EPS: US$0.34 (up from US$0.16 in 2Q 2024). Revenue: US$8.30m (up 4.7% from 2Q 2024). Net income: US$2.15m (up 109% from 2Q 2024). Profit margin: 26% (up from 13% in 2Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 04
Independent Director recently bought US$100k worth of stock On the 2nd of June, Robin Reich bought around 5k shares on-market at roughly US$18.49 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$71k more in shares than they bought in the last 12 months. Reported Earnings • May 04
First quarter 2025 earnings released: EPS: US$0.29 (vs US$0.21 in 1Q 2024) First quarter 2025 results: EPS: US$0.29 (up from US$0.21 in 1Q 2024). Revenue: US$7.77m (up 5.9% from 1Q 2024). Net income: US$1.83m (up 37% from 1Q 2024). Profit margin: 24% (up from 18% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.3% to US$18.61. The fair value is estimated to be US$15.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.2%. Aankondiging • Apr 18
Affinity Bancshares, Inc., Annual General Meeting, May 20, 2025 Affinity Bancshares, Inc., Annual General Meeting, May 20, 2025. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: US$0.85 (vs US$1.00 in FY 2023) Full year 2024 results: EPS: US$0.85 (down from US$1.00 in FY 2023). Revenue: US$30.6m (up 3.0% from FY 2023). Net income: US$5.44m (down 16% from FY 2023). Profit margin: 18% (down from 22% in FY 2023). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.54% (up from 3.35% in FY 2023). Non-performing loans: 0.67% (down from 1.13% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Mar 17
Now 21% overvalued Over the last 90 days, the stock has fallen 18% to US$17.80. The fair value is estimated to be US$14.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.2%. Aankondiging • Mar 01
Affinity Bancshares, Inc. Announces Special Cash Dividend, Payable on March 27, 2025 Affinity Bancshares, Inc. announced that its Board of Directors has declared the payment of a special cash dividend. The dividend of $1.50 per share will be paid on March 27, 2025 to stockholders of record as of March 13, 2025. Reported Earnings • Feb 02
Full year 2024 earnings released: EPS: US$0.85 (vs US$1.00 in FY 2023) Full year 2024 results: EPS: US$0.85 (down from US$1.00 in FY 2023). Revenue: US$30.6m (up 3.0% from FY 2023). Net income: US$5.44m (down 16% from FY 2023). Profit margin: 18% (down from 22% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$17.50, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 12x in the Banks industry in the US. Total returns to shareholders of 9.4% over the past three years. Recent Insider Transactions • Nov 21
Independent Director recently sold US$153k worth of stock On the 14th of November, Howard Roberts sold around 7k shares on-market at roughly US$21.50 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: US$0.27 (vs US$0.25 in 3Q 2023) Third quarter 2024 results: EPS: US$0.27 (up from US$0.25 in 3Q 2023). Revenue: US$7.98m (up 6.0% from 3Q 2023). Net income: US$1.73m (up 6.6% from 3Q 2023). Profit margin: 22% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 22
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.1% to US$21.39. The fair value is estimated to be US$17.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.3%. Buy Or Sell Opportunity • Sep 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.6% to US$21.37. The fair value is estimated to be US$17.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.3%. Reported Earnings • Jul 28
Second quarter 2024 earnings released: EPS: US$0.16 (vs US$0.24 in 2Q 2023) Second quarter 2024 results: EPS: US$0.16 (down from US$0.24 in 2Q 2023). Revenue: US$7.93m (up 7.5% from 2Q 2023). Net income: US$1.03m (down 35% from 2Q 2023). Profit margin: 13% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$20.61, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 10x in the Banks industry in the US. Total returns to shareholders of 63% over the past three years. Buy Or Sell Opportunity • May 31
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to US$20.61. The fair value is estimated to be US$16.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: US$0.21 (vs US$0.26 in 1Q 2023) First quarter 2024 results: EPS: US$0.21 (down from US$0.26 in 1Q 2023). Revenue: US$7.33m (down 1.5% from 1Q 2023). Net income: US$1.34m (down 23% from 1Q 2023). Profit margin: 18% (down from 23% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Aankondiging • Apr 28
Affinity Bancshares, Inc. Announces Net Loan Charge-Offs for the Three Months Ended March 31, 2024 Affinity Bancshares, Inc. announced net loan charge-offs for the three months ended March 31, 2024. Net loan charge-offs were $326,000 for the three months ended March 31, 2024, as compared to net loan charge-offs of $91,000 for the three months ended March 31, 2023. Aankondiging • Apr 13
Affinity Bancshares, Inc., Annual General Meeting, May 22, 2024 Affinity Bancshares, Inc., Annual General Meeting, May 22, 2024, at 10:00 US Eastern Standard Time. Agenda: the election of three directors; the ratification of the appointment of Wipfli LLP as the independent registered public accounting firm for the year ending December 31, 2024; an advisory, non-binding resolution with respect to the executive compensation. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: US$1.00 (vs US$1.07 in FY 2022) Full year 2023 results: EPS: US$1.00 (down from US$1.07 in FY 2022). Revenue: US$29.7m (down 5.6% from FY 2022). Net income: US$6.45m (down 9.6% from FY 2022). Profit margin: 22% (down from 23% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.35% (down from 4.14% in FY 2022). Non-performing loans: 1.13% (up from 1.08% in FY 2022). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: US$1.00 (vs US$1.07 in FY 2022) Full year 2023 results: EPS: US$1.00 (down from US$1.07 in FY 2022). Revenue: US$29.7m (down 5.6% from FY 2022). Net income: US$6.45m (down 9.6% from FY 2022). Profit margin: 22% (down from 23% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: US$0.25 (vs US$0.28 in 3Q 2022) Third quarter 2023 results: EPS: US$0.25 (down from US$0.28 in 3Q 2022). Revenue: US$7.53m (down 5.1% from 3Q 2022). Net income: US$1.62m (down 13% from 3Q 2022). Profit margin: 22% (down from 24% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 24% per year. Recent Insider Transactions • Sep 07
Independent Director recently bought US$89k worth of stock On the 31st of August, Robin Reich bought around 6k shares on-market at roughly US$14.86 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.1m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.27 in 2Q 2022) Second quarter 2023 results: EPS: US$0.24 (down from US$0.27 in 2Q 2022). Revenue: US$7.37m (down 2.7% from 2Q 2022). Net income: US$1.59m (down 11% from 2Q 2022). Profit margin: 22% (down from 24% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$12.06, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 8x in the Banks industry in the US. Total returns to shareholders of 71% over the past three years. Recent Insider Transactions • Apr 08
Insider recently bought US$597k worth of stock On the 6th of April, Kenneth Lehman bought around 41k shares on-market at roughly US$14.50 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$868k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: US$1.07 (vs US$1.10 in FY 2021) Full year 2022 results: EPS: US$1.07 (down from US$1.10 in FY 2021). Revenue: US$31.5m (up 1.9% from FY 2021). Net income: US$7.13m (down 5.8% from FY 2021). Profit margin: 23% (down from 25% in FY 2021). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 4.14% (up from 4.04% in FY 2021). Non-performing loans: 1.08% (down from 1.20% in FY 2021). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 23
Insider recently bought US$126k worth of stock On the 22nd of March, Kenneth Lehman bought around 9k shares on-market at roughly US$13.98 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$271k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$13.11, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 9x in the Banks industry in the US. Total returns to shareholders of 60% over the past three years. Recent Insider Transactions • Feb 17
CEO & Director recently bought US$79k worth of stock On the 14th of February, Edward Cooney bought around 5k shares on-market at roughly US$15.70 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Edward's only on-market trade for the last 12 months. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: US$1.07 (vs US$1.10 in FY 2021) Full year 2022 results: EPS: US$1.07 (down from US$1.10 in FY 2021). Revenue: US$31.5m (up 1.9% from FY 2021). Net income: US$7.13m (down 5.8% from FY 2021). Profit margin: 23% (down from 25% in FY 2021). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 4.14% (up from 4.04% in FY 2021). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Robin Reich was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$0.28 (vs US$0.26 in 3Q 2021) Third quarter 2022 results: EPS: US$0.28 (up from US$0.26 in 3Q 2021). Revenue: US$7.93m (up 7.1% from 3Q 2021). Net income: US$1.86m (up 3.1% from 3Q 2021). Profit margin: 24% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: US$0.27 (vs US$0.34 in 2Q 2021) Second quarter 2022 results: EPS: US$0.27 (down from US$0.34 in 2Q 2021). Revenue: US$7.57m (down 1.9% from 2Q 2021). Net income: US$1.78m (down 23% from 2Q 2021). Profit margin: 24% (down from 30% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$0.26 (vs US$0.31 in 1Q 2021) First quarter 2022 results: EPS: US$0.26 (down from US$0.31 in 1Q 2021). Revenue: US$8.10m (down 6.1% from 1Q 2021). Net income: US$1.79m (down 16% from 1Q 2021). Profit margin: 22% (down from 25% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$1.10 (up from US$0.41 in FY 2020). Revenue: US$30.9m (up 22% from FY 2020). Net income: US$7.57m (up 145% from FY 2020). Profit margin: 25% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 02
Independent Director recently bought US$74k worth of stock On the 30th of November, Howard Roberts bought around 5k shares on-market at roughly US$14.77 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$95k. Insiders have collectively bought US$940k more in shares than they have sold in the last 12 months. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS US$0.26 (vs US$0.25 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$7.41m (up 2.9% from 3Q 2020). Net income: US$1.81m (down 3.5% from 3Q 2020). Profit margin: 24% (down from 26% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 13
Insider recently bought US$95k worth of stock On the 12th of October, Kenneth Lehman bought around 7k shares on-market at roughly US$14.06 per share. In the last 3 months, they made an even bigger purchase worth US$137k. Insiders have collectively bought US$825k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 25
Insider recently bought US$137k worth of stock On the 24th of August, Kenneth Lehman bought around 10k shares on-market at roughly US$13.46 per share. In the last 3 months, they made an even bigger purchase worth US$213k. Insiders have collectively bought US$731k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS US$0.34 (vs US$0.14 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$7.72m (up 30% from 2Q 2020). Net income: US$2.32m (up 115% from 2Q 2020). Profit margin: 30% (up from 18% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 05
Insider recently bought US$104k worth of stock On the 3rd of August, Kenneth Lehman bought around 8k shares on-market at roughly US$13.12 per share. In the last 3 months, they made an even bigger purchase worth US$213k. Insiders have collectively bought US$554k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jul 23
Insider recently bought US$120k worth of stock On the 20th of July, Kenneth Lehman bought around 9k shares on-market at roughly US$12.98 per share. In the last 3 months, they made an even bigger purchase worth US$213k. Insiders have collectively bought US$441k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jul 11
Insider recently bought US$213k worth of stock On the 8th of July, Kenneth Lehman bought around 17k shares on-market at roughly US$12.92 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$321k more in shares than they have sold in the last 12 months. Aankondiging • Apr 03
Affinity Bancshares, Inc. announced delayed annual 10-K filing On 04/01/2021, Affinity Bancshares, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Is New 90 Day High Low • Feb 11
New 90-day high: US$11.19 The company is up 36% from its price of US$8.25 on 12 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 27% over the same period. Recent Insider Transactions • Jan 28
Independent Director recently bought US$75k worth of stock On the 21st of January, Robin Reich bought around 7k shares on-market at roughly US$10.78 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$108k more in shares than they have sold in the last 12 months.