Affinity Bancshares, Inc. (NASDAQ:AFBI) Sees Significant Increase in Short Interest

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 21,500 shares, a growth of 22.9% from the December 31st total of 17,500 shares. Based on an average daily volume of 12,300 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.5% of the shares of the company are short sold.

Insider Activity at Affinity Bancshares

In other Affinity Bancshares news, Director Howard G. Roberts sold 1,346 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $21.50, for a total transaction of $28,939.00. Following the transaction, the director now owns 25,373 shares of the company’s stock, valued at approximately $545,519.50. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 6,242 shares of company stock worth $134,203 in the last 90 days. 10.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in Affinity Bancshares by 3.5% during the second quarter. Renaissance Technologies LLC now owns 51,348 shares of the company’s stock worth $1,089,000 after buying an additional 1,744 shares in the last quarter. Barclays PLC bought a new stake in Affinity Bancshares during the third quarter worth approximately $39,000. Walleye Capital LLC boosted its holdings in Affinity Bancshares by 13.1% during the third quarter. Walleye Capital LLC now owns 21,611 shares of the company’s stock worth $463,000 after buying an additional 2,500 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Affinity Bancshares during the third quarter worth approximately $59,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Affinity Bancshares by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 46,033 shares of the company’s stock worth $976,000 after buying an additional 6,421 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

Affinity Bancshares Price Performance

NASDAQ AFBI opened at $18.25 on Friday. Affinity Bancshares has a 12 month low of $14.93 and a 12 month high of $22.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $117.02 million, a PE ratio of 21.47 and a beta of 0.54. The company’s 50 day simple moving average is $19.92 and its 200 day simple moving average is $20.87.

Affinity Bancshares (NASDAQ:AFBI) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.26 EPS 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.