** Shares of community lender Affinity Bancshares AFBI.O rise 2.5% to $20.38
** Covington, Georgia-based AFBI adopts a stock buyback program, wherein it may repurchase up to 320,480 shares, or about 5% of outstanding shares
** AFBI has about 6.4 million outstanding shares, according to data compiled by LSEG
** Bank may repurchase shares in open market or private transactions
** AFBI stock up 16.5% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.