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

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 49,100 shares, an increase of 30.9% from the February 28th total of 37,500 shares. Based on an average daily trading volume, of 22,700 shares, the short-interest ratio is currently 2.2 days. Currently, 1.1% of the shares of the stock are sold short.

Affinity Bancshares Stock Performance

AFBI opened at $17.83 on Wednesday. Affinity Bancshares has a twelve month low of $14.93 and a twelve month high of $22.50. The firm has a market capitalization of $114.33 million, a PE ratio of 21.74 and a beta of 0.52. 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 firm’s 50-day moving average price is $18.52 and its 200 day moving average price is $20.05.

Affinity Bancshares (NASDAQ:AFBI) last issued its 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 Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, March 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC purchased a new position in Affinity Bancshares during the third quarter worth about $39,000. JPMorgan Chase & Co. acquired a new stake in shares of Affinity Bancshares during the 3rd quarter worth approximately $59,000. Geode Capital Management LLC raised 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 valued at $1,093,000 after buying an additional 9,168 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in Affinity Bancshares by 80.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 28,315 shares of the company’s stock valued at $496,000 after acquiring an additional 12,656 shares during the last quarter. Finally, Walleye Capital LLC grew its position in Affinity Bancshares by 13.1% in the third quarter. Walleye Capital LLC now owns 21,611 shares of the company’s stock worth $463,000 after acquiring an additional 2,500 shares during the period. Institutional investors and hedge funds own 39.31% of the company’s stock.

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.