Short Interest in Affinity Bancshares, Inc. (NASDAQ:AFBI) Rises By 19.5%

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 6,606 shares, an increase of 19.5% from the December 15th total of 5,528 shares. Based on an average daily volume of 2,735 shares, the short-interest ratio is currently 2.4 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 2,735 shares, the short-interest ratio is currently 2.4 days.

Hedge Funds Weigh In On Affinity Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in Affinity Bancshares during the 1st quarter worth approximately $251,000. Salzhauer Michael acquired a new stake in shares of Affinity Bancshares during the second quarter worth $276,000. Alliancebernstein L.P. grew its holdings in shares of Affinity Bancshares by 49.2% during the third quarter. Alliancebernstein L.P. now owns 546,552 shares of the company’s stock valued at $10,778,000 after buying an additional 180,121 shares during the last quarter. Maltese Capital Management LLC increased its position in shares of Affinity Bancshares by 13.8% in the 3rd quarter. Maltese Capital Management LLC now owns 53,480 shares of the company’s stock valued at $1,055,000 after acquiring an additional 6,480 shares during the period. Finally, Susquehanna International Group LLP raised its stake in Affinity Bancshares by 17.9% in the 3rd quarter. Susquehanna International Group LLP now owns 25,346 shares of the company’s stock worth $500,000 after acquiring an additional 3,850 shares during the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

Affinity Bancshares Trading Up 0.2%

NASDAQ AFBI opened at $20.35 on Monday. Affinity Bancshares has a 52 week low of $17.00 and a 52 week high of $22.50. The company has a 50 day moving average price of $20.11 and a 200 day moving average price of $19.50. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. The firm has a market cap of $125.53 million, a PE ratio of 17.69 and a beta of 0.22.

Affinity Bancshares (NASDAQ:AFBI) last announced its earnings results on Friday, October 24th. The company reported $0.37 earnings per share for the quarter. The company had revenue of $8.36 million during the quarter. Affinity Bancshares had a net margin of 14.55% and a return on equity of 6.61%.

Affinity Bancshares announced that its Board of Directors has authorized a stock repurchase program on Wednesday, January 7th that allows the company to repurchase $300,000.00 in shares. This repurchase authorization allows the company to reacquire up to 0.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Affinity Bancshares in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Affinity Bancshares Company Profile

Affinity Bancshares, Inc is a bank holding company whose primary subsidiary, Affinity Bank, offers a full range of financial products and services to individuals and businesses. Founded to serve the evolving banking needs of its communities, the company provides demand, savings and time deposit accounts, along with treasury management and online banking capabilities. It caters to retail and commercial clients seeking deposit, cash management and payment solutions.

On the lending side, Affinity Bank extends credit through commercial real estate loans, small business administration loans and traditional commercial lines of credit.