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

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 31,000 shares, a decrease of 11.2% from the September 15th total of 34,900 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 11,100 shares, the days-to-cover ratio is currently 2.8 days.

Hedge Funds Weigh In On Affinity Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lynch & Associates IN acquired a new stake in shares of Affinity Bancshares in the 3rd quarter worth approximately $266,000. Renaissance Technologies LLC raised its holdings in Affinity Bancshares by 3.5% during the second quarter. Renaissance Technologies LLC now owns 51,348 shares of the company’s stock worth $1,089,000 after purchasing an additional 1,744 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Affinity Bancshares by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 46,033 shares of the company’s stock worth $976,000 after purchasing an additional 6,421 shares in the last quarter. Institutional investors own 39.31% of the company’s stock.

Affinity Bancshares Stock Performance

AFBI opened at $21.43 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $21.39 and its 200-day moving average is $19.83. The stock has a market cap of $137.52 million, a PE ratio of 23.29 and a beta of 0.51. Affinity Bancshares has a twelve month low of $13.76 and a twelve month high of $21.98.

Affinity Bancshares (NASDAQ:AFBI) last released its quarterly earnings results on Friday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $8.27 million during the quarter. Affinity Bancshares had a return on equity of 4.51% and a net margin of 11.45%.

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.