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

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the recipient of a significant growth in short interest in 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 daily volume of 12,300 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.5% of the shares of the company are short sold.

Insider Buying and Selling

In related 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 completion of the transaction, the director now owns 25,373 shares of the company’s stock, valued at $545,519.50. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 6,242 shares of company stock valued at $134,203 over the last quarter. 10.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Affinity Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC purchased a new stake in Affinity Bancshares during the third quarter worth $39,000. JPMorgan Chase & Co. acquired a new position in shares of Affinity Bancshares in the third quarter worth about $59,000. Lynch & Associates IN purchased a new stake in shares of Affinity Bancshares during the 3rd quarter worth about $266,000. Walleye Capital LLC grew its position in shares of 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 acquiring an additional 2,500 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Affinity Bancshares by 16.2% in 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 Stock Performance

Shares of AFBI stock opened at $18.44 on Friday. 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 stock has a market cap of $118.20 million, a PE ratio of 21.69 and a beta of 0.54. The business has a 50-day simple moving average of $19.99 and a 200-day simple moving average of $20.89.

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.