Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Down 20.9% in January

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. Based on an average daily volume of 14,000 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the company’s stock are sold short.

Insiders Place Their Bets

In other Affinity Bancshares news, Director Howard G. Roberts sold 1,346 shares of Affinity Bancshares stock in a transaction on 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 6,242 shares of company stock valued at $134,203. Corporate insiders own 10.76% of the company’s stock.

Hedge Funds Weigh In On Affinity Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Lynch & Associates IN purchased a new position in Affinity Bancshares during the third quarter valued at $266,000. Geode Capital Management LLC lifted its position in Affinity Bancshares by 21.9% during the third quarter. Geode Capital Management LLC now owns 51,027 shares of the company’s stock valued at $1,093,000 after purchasing an additional 9,168 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Affinity Bancshares by 16.2% during 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 in the last quarter. JPMorgan Chase & Co. purchased a new position in Affinity Bancshares during the third quarter valued at $59,000. Finally, Walleye Capital LLC lifted its position in Affinity Bancshares by 13.1% during the third 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. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

Affinity Bancshares Stock Down 1.0 %

Shares of Affinity Bancshares stock traded down $0.19 on Friday, reaching $18.25. The company’s stock had a trading volume of 22,500 shares, compared to its average volume of 24,641. The company has a market capitalization of $116.98 million, a price-to-earnings ratio of 21.47 and a beta of 0.54. Affinity Bancshares has a 52 week low of $14.93 and a 52 week high of $22.50. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. The firm’s fifty day simple moving average is $19.92 and its two-hundred day simple moving average is $20.86.

Affinity Bancshares (NASDAQ:AFBI) last released its quarterly 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.