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

Affinity Bancshares, Inc. (NASDAQ:AFBI - Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 24,200 shares, a decrease of 50.7% from the March 15th total of 49,100 shares. Approximately 0.5% of the company's stock are sold short. Based on an average daily volume of 21,100 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Affinity Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of AFBI. Barclays PLC acquired a new position in Affinity Bancshares in the third quarter valued at $39,000. Yakira Capital Management Inc. grew its holdings in shares of Affinity Bancshares by 11.5% during the fourth quarter. Yakira Capital Management Inc. now owns 143,822 shares of the company's stock worth $2,517,000 after buying an additional 14,787 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Affinity Bancshares in the 3rd quarter valued at about $59,000. Geode Capital Management LLC raised its stake in Affinity Bancshares by 21.9% during the 3rd quarter. Geode Capital Management LLC now owns 51,027 shares of the company's stock valued at $1,093,000 after acquiring an additional 9,168 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in Affinity Bancshares by 80.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 28,315 shares of the company's stock worth $496,000 after acquiring an additional 12,656 shares during the period. Hedge funds and other institutional investors own 39.31% of the company's stock.

Affinity Bancshares Stock Up 2.5 %

AFBI stock traded up $0.45 during midday trading on Friday, reaching $18.40. 11,191 shares of the company were exchanged, compared to its average volume of 15,739. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.07. The stock's 50-day simple moving average is $18.35 and its 200 day simple moving average is $19.69. The company has a market cap of $117.52 million, a price-to-earnings ratio of 22.44 and a beta of 0.25. Affinity Bancshares has a 1-year low of $16.50 and a 1-year high of $22.50.

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

Affinity Bancshares Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $1.50 dividend. The ex-dividend date was Thursday, March 13th.

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.