Robin Reich Is The Independent Director of Affinity Bancshares, Inc. (NASDAQ:AFBI) And They Just Picked Up 769% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Affinity Bancshares, Inc. (NASDAQ:AFBI) Independent Director, Robin Reich, recently bought US$75k worth of stock, for US$10.78 per share. While that isn't the hugest buy, it actually boosted their shareholding by 769%, which is good to see.

Check out our latest analysis for Affinity Bancshares

The Last 12 Months Of Insider Transactions At Affinity Bancshares

Notably, that recent purchase by Robin Reich is the biggest insider purchase of Affinity Bancshares shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of US$10.70. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

In the last twelve months Affinity Bancshares insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of Affinity Bancshares

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Our data indicates that Affinity Bancshares insiders own about US$6.5m worth of shares (which is 8.8% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Affinity Bancshares Insiders?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Affinity Bancshares stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Affinity Bancshares. Be aware that Affinity Bancshares is showing 4 warning signs in our investment analysis, and 1 of those is potentially serious...

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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