Short Interest in Affinity Bancshares, Inc. (NASDAQ:AFBI) Grows By 22.9%

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 21,500 shares, a growth of 22.9% from the December 15th total of 17,500 shares. Based on an average daily trading volume, of 12,300 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.5% of the shares of the company are short sold.

Affinity Bancshares Price Performance

Shares of Affinity Bancshares stock opened at $18.49 on Friday. Affinity Bancshares has a one year low of $14.93 and a one year high of $22.50. The stock’s fifty day moving average is $20.66 and its 200 day moving average is $21.10. The stock has a market cap of $118.52 million, a P/E ratio of 21.75 and a beta of 0.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.07.

Insider Activity

In other news, Director Howard G. Roberts sold 1,346 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $21.50, for a total transaction of $28,939.00. Following the transaction, the director now directly owns 25,373 shares of the company’s stock, valued at $545,519.50. This represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 6,242 shares of company stock valued at $134,203 in the last ninety days. 10.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Affinity Bancshares

Several large investors have recently made changes to their positions in AFBI. Renaissance Technologies LLC raised its stake in Affinity Bancshares by 3.5% during 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 during the period. Barclays PLC bought a new position in Affinity Bancshares in the 3rd quarter worth approximately $39,000. Walleye Capital LLC boosted its stake 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 period. JPMorgan Chase & Co. bought a new position in Affinity Bancshares in the 3rd quarter worth approximately $59,000. Finally, Dimensional Fund Advisors LP boosted its stake 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 period. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

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.