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

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

Insider Activity

In related news, Director Howard G. Roberts sold 3,829 shares of the firm's 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 sale, the director now owns 28,172 shares in the company, valued at approximately $605,698. This trade represents a 11.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have 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 corporate insiders.

Institutional Investors Weigh In On Affinity Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC purchased a new position in shares of Affinity Bancshares in the third quarter worth approximately $39,000. JPMorgan Chase & Co. purchased a new position in shares of Affinity Bancshares during the 3rd quarter worth $59,000. Lynch & Associates IN bought a new stake in shares of Affinity Bancshares during the 3rd quarter valued at $266,000. Walleye Capital LLC increased its stake 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 worth $463,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 worth $976,000 after purchasing an additional 6,421 shares in the last quarter. Hedge funds and other institutional investors own 39.31% of the company's stock.

Affinity Bancshares Stock Performance

Affinity Bancshares stock traded up $0.49 during mid-day trading on Thursday, reaching $18.49. 17,319 shares of the stock traded hands, compared to its average volume of 40,372. Affinity Bancshares has a 12-month low of $14.93 and a 12-month high of $22.50. The business's 50-day moving average is $20.66 and its 200-day moving average is $21.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $118.52 million, a PE ratio of 21.75 and a beta of 0.54.

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.