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

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 29,400 shares, a decrease of 20.5% from the August 15th total of 37,000 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 17,900 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On Affinity Bancshares

A number of large investors have recently bought and sold shares of the business. Objectivity Squared LLC bought a new stake in shares of Affinity Bancshares in the 4th quarter worth approximately $447,000. Salzhauer Michael acquired a new stake in Affinity Bancshares in the first quarter worth $208,000. Dimensional Fund Advisors LP lifted its stake 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 during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Affinity Bancshares by 3.5% in the second quarter. Renaissance Technologies LLC now owns 51,348 shares of the company’s stock valued at $1,089,000 after buying an additional 1,744 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

Affinity Bancshares Stock Performance

Shares of AFBI opened at $21.51 on Friday. The stock has a market capitalization of $137.88 million, a PE ratio of 23.38 and a beta of 0.51. The business’s fifty day moving average price is $21.26 and its 200 day moving average price is $19.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.05 and a quick ratio of 1.05. Affinity Bancshares has a 12-month low of $13.76 and a 12-month high of $21.98.

Affinity Bancshares (NASDAQ:AFBI) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter. Affinity Bancshares had a net margin of 11.45% and a return on equity of 4.51%. The company had revenue of $8.27 million for the quarter.

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.