Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Up 125.7% in February

Affinity Bancshares, Inc. (NASDAQ:AFBI - Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 43,100 shares, an increase of 125.7% from the January 31st total of 19,100 shares. Based on an average daily volume of 16,100 shares, the short-interest ratio is presently 2.7 days. Approximately 1.0% of the shares of the company are sold short.

Affinity Bancshares Stock Performance

NASDAQ:AFBI traded down $0.17 during trading hours on Tuesday, reaching $19.60. 7,931 shares of the company's stock were exchanged, compared to its average volume of 19,493. The firm has a market capitalization of $125.68 million, a price-to-earnings ratio of 23.90 and a beta of 0.54. The company has a 50-day moving average of $18.60 and a 200 day moving average of $20.47. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. Affinity Bancshares has a 1-year low of $14.93 and a 1-year high of $22.50.

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

Affinity Bancshares Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, March 13th.

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Hedge Funds Weigh In On Affinity Bancshares

A number of large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Affinity Bancshares by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 54,933 shares of the company's stock worth $966,000 after buying an additional 1,684 shares during the last quarter. Barclays PLC purchased a new position in Affinity Bancshares during the 3rd quarter worth $39,000. Walleye Capital LLC increased its holdings in shares of Affinity Bancshares by 13.1% in the 3rd quarter. Walleye Capital LLC now owns 21,611 shares of the company's stock valued at $463,000 after purchasing an additional 2,500 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Affinity Bancshares in the 3rd quarter valued at about $59,000. Finally, Northern Trust Corp increased its holdings in shares of Affinity Bancshares by 52.5% in the 4th quarter. Northern Trust Corp now owns 15,345 shares of the company's stock valued at $269,000 after purchasing an additional 5,283 shares in the last quarter. Hedge funds and other 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.