Short Interest in Affinity Bancshares, Inc. (NASDAQ:AFBI) Expands By 30.9%

Affinity Bancshares, Inc. (NASDAQ:AFBI) saw a significant increase in short interest in the month of 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. Approximately 1.1% of the company’s shares are sold short. Based on an average daily volume of 22,700 shares, the short-interest ratio is presently 2.2 days.

Affinity Bancshares Price Performance

Shares of AFBI stock opened at $17.75 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. Affinity Bancshares has a 12-month low of $14.93 and a 12-month high of $22.50. The firm has a fifty day moving average of $18.54 and a 200-day moving average of $20.10. The firm has a market capitalization of $113.81 million, a price-to-earnings ratio of 21.65 and a beta of 0.52.

Affinity Bancshares (NASDAQ:AFBI) last posted its earnings results on Friday, January 31st. The company reported $0.26 earnings per share (EPS) 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 firm also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, March 13th.

Institutional Trading of Affinity Bancshares

Hedge funds have recently bought and sold shares of the stock. Walleye Capital LLC increased its holdings in Affinity Bancshares by 13.1% during 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. Barclays PLC bought a new position in shares of Affinity Bancshares during the third quarter worth about $39,000. Geode Capital Management LLC grew its holdings in shares of Affinity Bancshares by 21.9% during the third 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. JPMorgan Chase & Co. acquired a new stake in Affinity Bancshares in the 3rd quarter valued at approximately $59,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in Affinity Bancshares by 80.8% in the 4th 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 in the last quarter. 39.31% of the stock is currently owned by institutional investors and hedge funds.

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.