Short Interest in Affinity Bancshares, Inc. (NASDAQ:AFBI) Drops By 20.9%

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

Affinity Bancshares Trading Up 0.6 %

Affinity Bancshares stock opened at $18.44 on Friday. The firm has a market cap of $118.20 million, a price-to-earnings ratio of 21.69 and a beta of 0.54. Affinity Bancshares has a 1 year low of $14.93 and a 1 year high of $22.50. The firm’s 50 day moving average price is $19.99 and its two-hundred day moving average price is $20.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.07.

Insider Activity

In other news, Director Howard G. Roberts sold 3,829 shares of Affinity Bancshares stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.50, for a total value of $82,323.50. Following the transaction, the director now owns 28,172 shares of the company’s stock, valued at $605,698. The trade was a 11.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 6,242 shares of company stock worth $134,203. 10.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Affinity Bancshares

Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in Affinity Bancshares by 3.5% in the 2nd 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. Barclays PLC acquired a new position in shares of Affinity Bancshares in the third quarter worth about $39,000. Walleye Capital LLC increased its position in shares of Affinity Bancshares by 13.1% in the third quarter. Walleye Capital LLC now owns 21,611 shares of the company’s stock worth $463,000 after acquiring an additional 2,500 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Affinity Bancshares during the third quarter valued at approximately $59,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Affinity Bancshares by 16.2% in 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 in the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

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.