Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Update

Affinity Bancshares, Inc. (NASDAQ:AFBI - Get Free Report) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 17,000 shares, a decline of 20.9% from the December 31st total of 21,500 shares. Approximately 0.4% of the company's shares are short sold. Based on an average daily volume of 14,000 shares, the days-to-cover ratio is currently 1.2 days.

Insider Buying and Selling

In other news, Director Howard G. Roberts sold 1,346 shares of Affinity Bancshares stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $21.50, for a total value of $28,939.00. Following the completion of the transaction, the director now directly owns 25,373 shares of the company's stock, valued at approximately $545,519.50. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 6,242 shares of company stock valued at $134,203 over the last 90 days. 10.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Affinity Bancshares

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of Affinity Bancshares by 3.5% during the second quarter. Renaissance Technologies LLC now owns 51,348 shares of the company's stock valued at $1,089,000 after purchasing an additional 1,744 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Affinity Bancshares by 21.9% during the 3rd quarter. Geode Capital Management LLC now owns 51,027 shares of the company's stock worth $1,093,000 after buying an additional 9,168 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 buying an additional 6,421 shares during the last quarter. Walleye Capital LLC boosted 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 buying an additional 2,500 shares during the last quarter. Finally, Lynch & Associates IN purchased a new stake in shares of Affinity Bancshares during the third quarter valued at approximately $266,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

Affinity Bancshares Stock Performance

Shares of AFBI stock remained flat at $18.25 during trading hours on Monday. 14,935 shares of the stock traded hands, compared to its average volume of 25,502. The company's fifty day simple moving average is $19.92 and its 200 day simple moving average is $20.86. The stock has a market capitalization of $116.98 million, a price-to-earnings ratio of 22.26 and a beta of 0.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.07. Affinity Bancshares has a one year low of $14.93 and a one year high of $22.50.

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

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.