Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Update

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 17,000 shares, a decrease of 20.9% from the December 31st total of 21,500 shares. Based on an average daily trading volume, of 14,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.4% of the shares of the company are sold short.

Insider Buying and Selling

In other Affinity Bancshares news, Director Howard G. Roberts sold 1,346 shares of the business’s stock in a transaction dated 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 directly owns 25,373 shares of the company’s stock, valued at $545,519.50. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 6,242 shares of company stock worth $134,203 in the last three months. 10.76% of the stock is owned by insiders.

Institutional Trading of Affinity Bancshares

Several hedge funds have recently added to or reduced their stakes in AFBI. JPMorgan Chase & Co. bought a new position in shares of Affinity Bancshares in the third quarter worth $59,000. Barclays PLC acquired a new stake in Affinity Bancshares in the third quarter worth about $39,000. Geode Capital Management LLC grew its position in Affinity Bancshares by 21.9% in the 3rd quarter. Geode Capital Management LLC now owns 51,027 shares of the company’s stock valued at $1,093,000 after buying an additional 9,168 shares in the last quarter. Walleye Capital LLC increased 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 buying an additional 2,500 shares during the period. Finally, Lynch & Associates IN bought a new stake in shares of Affinity Bancshares during the 3rd quarter worth about $266,000. Institutional investors own 39.31% of the company’s stock.

Affinity Bancshares Stock Performance

AFBI opened at $18.44 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $19.99 and its 200-day moving average is $20.89. The stock has a market cap of $118.20 million, a PE ratio of 21.69 and a beta of 0.54. Affinity Bancshares has a twelve month low of $14.93 and a twelve month high of $22.50.

Affinity Bancshares Company Profile

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.