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

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 43,100 shares, an increase of 125.7% from the January 31st total of 19,100 shares. Based on an average daily volume of 16,100 shares, the short-interest ratio is currently 2.7 days. Approximately 1.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Affinity Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC bought a new position in Affinity Bancshares in the 3rd quarter valued at about $39,000. JPMorgan Chase & Co. acquired a new stake in shares of Affinity Bancshares in the 3rd quarter worth approximately $59,000. Northern Trust Corp boosted its holdings in shares of Affinity Bancshares by 52.5% in the fourth quarter. Northern Trust Corp now owns 15,345 shares of the company’s stock valued at $269,000 after acquiring an additional 5,283 shares in the last quarter. Walleye Capital LLC increased its stake in shares of 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 acquiring an additional 2,500 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in Affinity Bancshares by 80.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 28,315 shares of the company’s stock worth $496,000 after purchasing an additional 12,656 shares in the last quarter. 39.31% of the stock is currently owned by institutional investors.

Affinity Bancshares Price Performance

Shares of NASDAQ:AFBI opened at $19.74 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 firm’s 50 day moving average is $18.69 and its two-hundred day moving average is $20.50. The firm has a market capitalization of $126.57 million, a P/E ratio of 24.07 and a beta of 0.54. Affinity Bancshares has a 52 week low of $14.93 and a 52 week high of $22.50.

Affinity Bancshares (NASDAQ:AFBI) last posted its earnings results on Friday, January 31st. The company reported $0.26 EPS for the quarter. Affinity Bancshares had a return on equity of 4.65% and a net margin of 10.88%.

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.