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

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 3,300 shares, a decrease of 23.3% from the March 15th total of 4,300 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Affinity Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of AFBI. Dimensional Fund Advisors LP raised its position in shares of Affinity Bancshares by 6.7% during the first quarter. Dimensional Fund Advisors LP now owns 22,260 shares of the company’s stock worth $350,000 after purchasing an additional 1,394 shares during the period. Vanguard Group Inc. raised its position in shares of Affinity Bancshares by 66.2% during the first quarter. Vanguard Group Inc. now owns 91,062 shares of the company’s stock worth $1,430,000 after purchasing an additional 36,286 shares during the period. Alliancebernstein L.P. raised its position in shares of Affinity Bancshares by 5.8% during the third quarter. Alliancebernstein L.P. now owns 357,550 shares of the company’s stock worth $5,224,000 after purchasing an additional 19,516 shares during the period. HRT Financial LP acquired a new stake in shares of Affinity Bancshares during the first quarter worth $203,000. Finally, Geode Capital Management LLC raised its position in shares of Affinity Bancshares by 56.0% during the second quarter. Geode Capital Management LLC now owns 21,321 shares of the company’s stock worth $251,000 after purchasing an additional 7,650 shares during the period. 39.31% of the stock is owned by institutional investors and hedge funds.

Affinity Bancshares Trading Up 1.9 %

Shares of Affinity Bancshares stock opened at $16.71 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The firm has a market cap of $107.28 million, a price-to-earnings ratio of 17.05 and a beta of 0.45. The business has a fifty day simple moving average of $16.55 and a 200-day simple moving average of $15.64. Affinity Bancshares has a fifty-two week low of $11.29 and a fifty-two week high of $17.15.

Affinity Bancshares (NASDAQ:AFBI) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.23 earnings per share for the quarter. The business had revenue of $7.31 million during the quarter. Affinity Bancshares had a return on equity of 5.42% and a net margin of 14.28%.

Affinity Bancshares Company Profile

Affinity Bancshares, Inc operates as the holding company for Affinity Bank that engages in the provision of various banking products and services in Georgia. The company accepts various deposit accounts, including savings accounts, checking accounts, certificates of deposit, and individual retirement accounts.