Professional
Added to YB: 2024-06-13
Pitch date: 2024-06-12
AFBI [bullish]
Affinity Bancshares, Inc.
+0.15%
current return
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. Sign up for the newsletter.
Company Info
Affinity Bancshares, Inc. operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.
Market Cap
$119.6M
Pitch Price
$18.97
Price Target
N/A
Dividend
N/A
Sector
Banks
Category
special_situation
Affinity Bancshares, Inc. Acquisition: Solid Cash Placeholder Opportunity
AFBI acquired by credit union for $22.50/share, 9% spread. Closing Q4'24, no regulatory or shareholder approval risks expected due to small size and no regional overlap. Trades at 22x LTM P/E and 1x TBV. Prolonged timeline main reason for spread, could be cash placeholder alongside similar deals.
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