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

Affinity Bancshares, Inc. (NASDAQ:AFBI) saw a significant growth in short interest during 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 trading volume of 12,300 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.5% of the company’s shares are sold short.

Insiders Place Their Bets

In other news, Director Howard G. Roberts sold 1,346 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $21.50, for a total value of $28,939.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 6,242 shares of company stock worth $134,203 over the last three months. 10.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Affinity Bancshares

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

Affinity Bancshares Price Performance

AFBI 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. Affinity Bancshares has a 1 year low of $14.93 and a 1 year 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. The stock has a 50-day simple moving average of $19.92 and a 200-day simple moving average of $20.87.

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

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.