Short Interest in Affinity Bancshares, Inc. (NASDAQ:AFBI) Declines By 11.2%

Affinity Bancshares, Inc. (NASDAQ:AFBI) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 31,000 shares, a decline of 11.2% from the September 15th total of 34,900 shares. Based on an average daily trading volume, of 11,100 shares, the short-interest ratio is presently 2.8 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Lynch & Associates IN acquired a new stake in shares of Affinity Bancshares in the third quarter worth $266,000. Renaissance Technologies LLC increased its holdings in Affinity Bancshares by 3.5% in the 2nd quarter. Renaissance Technologies LLC now owns 51,348 shares of the company’s stock valued at $1,089,000 after purchasing an additional 1,744 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised 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 purchasing an additional 6,421 shares during the period. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Affinity Bancshares Trading Up 0.1 %

AFBI stock opened at $21.45 on Thursday. Affinity Bancshares has a 52 week low of $13.76 and a 52 week high of $21.98. The company has a market cap of $137.64 million, a price-to-earnings ratio of 23.32 and a beta of 0.51. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $21.39 and a 200-day simple moving average of $19.84.

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

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.