Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Update

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the target of a large decline in short interest in January. As of January 15th, there was short interest totalling 17,000 shares, a decline of 20.9% from the December 31st total of 21,500 shares. Based on an average trading volume of 14,000 shares, the short-interest ratio is currently 1.2 days. Approximately 0.4% of the shares of the stock are short sold.

Insider Activity

In other news, Director Howard G. Roberts sold 3,829 shares of Affinity Bancshares stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.50, for a total transaction of $82,323.50. Following the sale, the director now directly owns 28,172 shares in the company, valued at approximately $605,698. The trade was a 11.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 6,242 shares of company stock worth $134,203. Corporate insiders own 10.76% of the company’s stock.

Hedge Funds Weigh In On Affinity Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC acquired a new position in Affinity Bancshares in the third quarter valued at about $39,000. JPMorgan Chase & Co. acquired a new position in Affinity Bancshares in the third quarter valued at about $59,000. Lynch & Associates IN acquired a new position in Affinity Bancshares in the third quarter valued at about $266,000. Walleye Capital LLC boosted its position in Affinity Bancshares by 13.1% in the third quarter. Walleye Capital LLC now owns 21,611 shares of the company’s stock valued at $463,000 after buying an additional 2,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Affinity Bancshares by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 46,033 shares of the company’s stock valued at $976,000 after buying an additional 6,421 shares in the last quarter. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Affinity Bancshares Price Performance

Shares of Affinity Bancshares stock opened at $18.25 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50-day simple moving average is $19.92 and its 200-day simple moving average is $20.87. Affinity Bancshares has a twelve month low of $14.93 and a twelve month high of $22.50. The firm has a market cap of $117.02 million, a P/E ratio of 21.47 and a beta of 0.54.

Affinity Bancshares (NASDAQ:AFBI) last issued its earnings results on Friday, January 31st. The company reported $0.26 earnings per share for the quarter. Affinity Bancshares had a net margin of 11.38% and a return on equity of 4.50%.

Affinity Bancshares Company Profile

Affinity Bancshares, Inc operates as the holding company for Affinity Bank that provides various banking products and services in Georgia. The company offers various deposit accounts, including savings accounts, checking accounts, certificates of deposit, and individual retirement accounts, as well as Kasasa (rewards) deposit program for checking accounts with interest rates or cash-back rewards.