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

Affinity Bancshares, Inc. (NASDAQ:AFBIGet Rating) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 5,100 shares, a decline of 31.1% from the March 31st total of 7,400 shares. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

NASDAQ:AFBI opened at $15.40 on Friday. The stock has a market cap of $101.95 million, a P/E ratio of 14.53 and a beta of 0.57. The stock has a 50 day simple moving average of $15.39 and a 200 day simple moving average of $15.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40. Affinity Bancshares has a 1-year low of $12.16 and a 1-year high of $18.00.

Affinity Bancshares (NASDAQ:AFBIGet Rating) last released its quarterly earnings results on Tuesday, February 22nd. The company reported $0.20 earnings per share for the quarter. The business had revenue of $7.24 million during the quarter. Affinity Bancshares had a return on equity of 6.06% and a net margin of 21.90%.

Separately, TheStreet raised Affinity Bancshares from a “c” rating to a “b” rating in a report on Wednesday, February 2nd.

In other Affinity Bancshares news, Director Howard G. Roberts bought 3,000 shares of Affinity Bancshares stock in a transaction dated Monday, March 7th. The stock was bought at an average cost of $15.25 per share, for a total transaction of $45,750.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its holdings in Affinity Bancshares by 1.2% in the 3rd quarter. Alliancebernstein L.P. now owns 316,724 shares of the company’s stock valued at $4,450,000 after buying an additional 3,897 shares during the period. BHZ Capital Management LP bought a new position in Affinity Bancshares in the fourth quarter valued at approximately $446,000. Millennium Management LLC bought a new stake in Affinity Bancshares during the third quarter worth $316,000. Dimensional Fund Advisors LP lifted its stake in Affinity Bancshares by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,866 shares of the company’s stock worth $321,000 after purchasing an additional 1,346 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Affinity Bancshares by 4.2% during the fourth quarter. BlackRock Inc. now owns 18,052 shares of the company’s stock worth $278,000 after purchasing an additional 724 shares during the last quarter. 27.42% of the stock is owned by institutional investors and hedge funds.

About Affinity Bancshares (Get Rating)

Affinity Bancshares, Inc operates as the holding company for Affinity Bank that provides various banking products and services. The company accepts various deposit accounts, including savings accounts, checking accounts, certificates of deposit, and individual retirement accounts. It also offers commercial and industrial, commercial real estate, one- to four-family residential real estate, construction and land, and consumer loans.

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