Affinity Bancshares, Inc. (NASDAQ:AFBI) Sees Large Decrease in Short Interest

Affinity Bancshares, Inc. (NASDAQ:AFBI) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 18,500 shares, a decrease of 18.1% from the October 31st total of 22,600 shares. Based on an average daily trading volume, of 7,000 shares, the short-interest ratio is currently 2.6 days. Approximately 0.4% of the company’s shares are sold short.

Affinity Bancshares Trading Up 0.8 %

NASDAQ AFBI opened at $21.67 on Friday. The stock’s 50 day moving average is $21.45 and its 200 day moving average is $20.86. 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 firm has a market capitalization of $138.90 million, a PE ratio of 25.49 and a beta of 0.51. Affinity Bancshares has a twelve month low of $14.02 and a twelve month high of $22.21.

Insider Buying and Selling

In other Affinity Bancshares news, Director Howard G. Roberts sold 1,346 shares of the company’s stock in a transaction that occurred 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 owns 25,373 shares in the company, valued at approximately $545,519.50. This represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 6,242 shares of company stock valued at $134,203 over the last three months. Corporate insiders own 10.76% of the company’s stock.

Institutional Trading of Affinity Bancshares

A number of hedge funds have recently modified their holdings of AFBI. Dimensional Fund Advisors LP lifted its position in Affinity Bancshares by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 46,033 shares of the company’s stock valued at $976,000 after acquiring an additional 6,421 shares during the period. Renaissance Technologies LLC increased its stake in shares of Affinity Bancshares by 3.5% during the second 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 in the last quarter. Lynch & Associates IN purchased a new position in shares of Affinity Bancshares during the third quarter valued at approximately $266,000. Barclays PLC bought a new stake in shares of Affinity Bancshares in the 3rd quarter worth approximately $39,000. Finally, Geode Capital Management LLC grew its stake in shares of Affinity Bancshares by 21.9% in the 3rd quarter. Geode Capital Management LLC now owns 51,027 shares of the company’s stock worth $1,093,000 after buying an additional 9,168 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

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.