Short Interest in Affinity Bancshares, Inc. (NASDAQ:AFBI) Declines By 28.1%

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 17,400 shares, a drop of 28.1% from the March 31st total of 24,200 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 16,800 shares, the days-to-cover ratio is currently 1.0 days.

Affinity Bancshares Stock Performance

Shares of Affinity Bancshares stock opened at $18.59 on Wednesday. Affinity Bancshares has a 52 week low of $16.60 and a 52 week high of $22.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $117.67 million, a price-to-earnings ratio of 22.67 and a beta of 0.25. The firm has a fifty day moving average of $18.32 and a two-hundred day moving average of $19.54.

Affinity Bancshares (NASDAQ:AFBI) last issued 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 company also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $1.50 dividend. The ex-dividend date was Thursday, March 13th.

Hedge Funds Weigh In On Affinity Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in Affinity Bancshares by 14.6% during the first quarter. Farther Finance Advisors LLC now owns 16,302 shares of the company’s stock worth $291,000 after acquiring an additional 2,075 shares in the last quarter. CSS LLC IL grew its position in shares of Affinity Bancshares by 23.7% in the 4th quarter. CSS LLC IL now owns 39,779 shares of the company’s stock valued at $696,000 after purchasing an additional 7,629 shares during the period. Northern Trust Corp increased its stake in Affinity Bancshares by 52.5% during the 4th quarter. Northern Trust Corp now owns 15,345 shares of the company’s stock worth $269,000 after purchasing an additional 5,283 shares in the last quarter. Credit Industriel ET Commercial acquired a new stake in Affinity Bancshares during the 4th quarter worth approximately $1,193,000. Finally, Cigogne Management SA acquired a new position in shares of Affinity Bancshares in the fourth quarter valued at approximately $2,020,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

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.