Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Up 22.9% in January

Affinity Bancshares, Inc. (NASDAQ:AFBI - Get Free Report) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 21,500 shares, a growth of 22.9% from the December 31st total of 17,500 shares. Based on an average daily volume of 12,300 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.5% of the shares of the company are sold short.

Affinity Bancshares Price Performance

AFBI remained flat at $18.25 during trading on Monday. The company had a trading volume of 14,935 shares, compared to its average volume of 25,502. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $19.92 and a 200 day simple moving average of $20.86. Affinity Bancshares has a twelve month low of $14.93 and a twelve month high of $22.50. The company has a market capitalization of $116.98 million, a price-to-earnings ratio of 22.26 and a beta of 0.54.

Affinity Bancshares (NASDAQ:AFBI - Get Free Report) last released its quarterly 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%.

Insiders Place Their Bets

In other news, Director Howard G. Roberts sold 1,346 shares of the business'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 completion of the sale, the director now owns 25,373 shares in the company, valued at $545,519.50. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 6,242 shares of company stock valued at $134,203 over the last ninety days. 10.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Lynch & Associates IN acquired a new position in shares of Affinity Bancshares in the 3rd quarter valued at approximately $266,000. Geode Capital Management LLC lifted its stake in Affinity Bancshares by 21.9% during the third quarter. Geode Capital Management LLC now owns 51,027 shares of the company's stock worth $1,093,000 after purchasing an additional 9,168 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 purchasing an additional 6,421 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Affinity Bancshares in the 3rd quarter valued at $59,000. Finally, Walleye Capital LLC raised its holdings in shares of Affinity Bancshares by 13.1% during the 3rd quarter. Walleye Capital LLC now owns 21,611 shares of the company's stock worth $463,000 after buying an additional 2,500 shares in the last quarter. 39.31% of the stock is 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.