Short Interest in Affinity Bancshares, Inc. (NASDAQ:AFBI) Decreases By 14.4%

Affinity Bancshares, Inc. (NASDAQ:AFBI) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 4,570 shares, a drop of 14.4% from the January 29th total of 5,336 shares. Based on an average daily trading volume, of 2,419 shares, the short-interest ratio is presently 1.9 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,419 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On Affinity Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of AFBI. Jane Street Group LLC purchased a new position in shares of Affinity Bancshares during the first quarter worth about $251,000. Salzhauer Michael purchased a new stake in shares of Affinity Bancshares in the 2nd quarter valued at about $276,000. Alliancebernstein L.P. boosted its position in shares of Affinity Bancshares by 49.2% in the 3rd quarter. Alliancebernstein L.P. now owns 546,552 shares of the company’s stock valued at $10,778,000 after purchasing an additional 180,121 shares during the period. Maltese Capital Management LLC grew its stake in Affinity Bancshares by 13.8% during the 3rd quarter. Maltese Capital Management LLC now owns 53,480 shares of the company’s stock worth $1,055,000 after buying an additional 6,480 shares during the last quarter. Finally, Susquehanna International Group LLP grew its stake in Affinity Bancshares by 17.9% during the 3rd quarter. Susquehanna International Group LLP now owns 25,346 shares of the company’s stock worth $500,000 after buying an additional 3,850 shares during the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Affinity Bancshares in a research report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Affinity Bancshares Price Performance

Shares of NASDAQ AFBI opened at $19.90 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.08 and a current ratio of 1.08. Affinity Bancshares has a fifty-two week low of $17.00 and a fifty-two week high of $22.50. The firm has a market capitalization of $122.78 million, a PE ratio of 15.43 and a beta of 0.23. The stock’s 50-day simple moving average is $20.45 and its 200-day simple moving average is $19.84.

Affinity Bancshares (NASDAQ:AFBI) last announced its quarterly earnings results on Friday, January 23rd. The company reported $0.40 earnings per share (EPS) for the quarter. Affinity Bancshares had a return on equity of 7.30% and a net margin of 15.74%.The firm had revenue of $8.57 million during the quarter.

Affinity Bancshares declared that its board has approved a share buyback plan on Wednesday, January 7th that authorizes the company to repurchase $300,000.00 in outstanding shares. This repurchase authorization authorizes the company to purchase up to 0.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

About Affinity Bancshares

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.