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

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

Affinity Bancshares Stock Performance

Shares of AFBI opened at $18.25 on Friday. The company has a market capitalization of $117.02 million, a PE ratio of 21.47 and a beta of 0.54. Affinity Bancshares has a one year low of $14.93 and a one year 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 company’s fifty day moving average price is $19.92 and its 200 day moving average price is $20.87.

Affinity Bancshares (NASDAQ:AFBI) last announced its earnings results 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%.

Insider Activity

In other news, Director Howard G. Roberts sold 1,346 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $545,519.50. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 6,242 shares of company stock worth $134,203. 10.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AFBI. Barclays PLC acquired a new stake in Affinity Bancshares in the 3rd quarter worth $39,000. JPMorgan Chase & Co. acquired a new stake in Affinity Bancshares in the 3rd quarter worth $59,000. Lynch & Associates IN acquired a new stake in Affinity Bancshares in the 3rd quarter worth $266,000. Walleye Capital LLC grew its position in Affinity Bancshares by 13.1% in the 3rd quarter. Walleye Capital LLC now owns 21,611 shares of the company’s stock worth $463,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Affinity Bancshares by 16.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 46,033 shares of the company’s stock worth $976,000 after purchasing an additional 6,421 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

About Affinity Bancshares

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.