Affinity Bancshares, Inc. (NASDAQ:AFBI – Get Free Report) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 4,000 shares, a drop of 33.3% from the May 31st total of 6,000 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 19,200 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Affinity Bancshares stock. Objectivity Squared LLC purchased a new stake in Affinity Bancshares, Inc. (NASDAQ:AFBI – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,000 shares of the company’s stock, valued at approximately $447,000. Affinity Bancshares accounts for approximately 0.4% of Objectivity Squared LLC’s investment portfolio, making the stock its 26th biggest position. Objectivity Squared LLC owned about 0.44% of Affinity Bancshares at the end of the most recent reporting period. Hedge funds and other institutional investors own 39.31% of the company’s stock.
Affinity Bancshares Stock Performance
NASDAQ AFBI opened at $21.20 on Friday. The stock’s 50-day moving average is $18.56 and its 200-day moving average is $17.11. Affinity Bancshares has a one year low of $11.66 and a one year high of $21.38. The firm has a market cap of $136.04 million, a P/E ratio of 23.04 and a beta of 0.49. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05.
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.
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