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

Affinity Bancshares, Inc. (NASDAQ:AFBI) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 49,100 shares, a growth of 30.9% from the February 28th total of 37,500 shares. Based on an average trading volume of 22,700 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.1% of the company’s shares are short sold.

Affinity Bancshares Price Performance

Shares of Affinity Bancshares stock opened at $17.76 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.07. Affinity Bancshares has a one year low of $14.93 and a one year high of $22.50. The business’s 50 day simple moving average is $18.53 and its two-hundred day simple moving average is $20.08. The stock has a market capitalization of $113.88 million, a P/E ratio of 21.66 and a beta of 0.52.

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

Affinity Bancshares Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $1.50 per share. The ex-dividend date was Thursday, March 13th.

Institutional Investors Weigh In On Affinity Bancshares

A number of large investors have recently made changes to their positions in AFBI. Cigogne Management SA purchased a new stake in Affinity Bancshares in the fourth quarter worth $2,020,000. Credit Industriel ET Commercial bought a new position in Affinity Bancshares in the 4th quarter worth $1,193,000. Yakira Capital Management Inc. lifted its position in shares of Affinity Bancshares by 11.5% in the 4th quarter. Yakira Capital Management Inc. now owns 143,822 shares of the company’s stock worth $2,517,000 after purchasing an additional 14,787 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Affinity Bancshares by 80.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 28,315 shares of the company’s stock valued at $496,000 after purchasing an additional 12,656 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Affinity Bancshares by 21.9% during the third quarter. Geode Capital Management LLC now owns 51,027 shares of the company’s stock valued at $1,093,000 after buying an additional 9,168 shares during the period. 39.31% of the stock is currently owned by institutional investors.

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.