Affinity Bancshares, Inc. (NASDAQ:AFBI) Sees Significant Increase in Short Interest

Affinity Bancshares, Inc. (NASDAQ:AFBI) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 49,100 shares, a growth of 30.9% from the February 28th total of 37,500 shares. Based on an average trading volume of 22,700 shares, the short-interest ratio is presently 2.2 days. Currently, 1.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Affinity Bancshares

A number of large investors have recently added to or reduced their stakes in the business. Yakira Capital Management Inc. boosted its position in Affinity Bancshares by 11.5% during the fourth quarter. Yakira Capital Management Inc. now owns 143,822 shares of the company’s stock worth $2,517,000 after purchasing an additional 14,787 shares during the period. Cigogne Management SA acquired a new stake in shares of Affinity Bancshares during the 4th quarter worth about $2,020,000. Credit Industriel ET Commercial bought a new stake in shares of Affinity Bancshares during the 4th quarter worth about $1,193,000. Dimensional Fund Advisors LP boosted its holdings in shares of Affinity Bancshares by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 54,933 shares of the company’s stock worth $966,000 after buying an additional 1,684 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Affinity Bancshares by 21.9% in the 3rd quarter. Geode Capital Management LLC now owns 51,027 shares of the company’s stock valued at $1,093,000 after acquiring an additional 9,168 shares during the period. Institutional investors own 39.31% of the company’s stock.

Affinity Bancshares Stock Performance

NASDAQ AFBI opened at $17.75 on Monday. The firm’s fifty day moving average price is $18.54 and its two-hundred day moving average price is $20.10. Affinity Bancshares has a 1 year low of $14.93 and a 1 year high of $22.50. The firm has a market capitalization of $113.81 million, a P/E ratio of 21.65 and a beta of 0.52. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46.

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 net margin of 10.88% and a return on equity of 4.65%.

Affinity Bancshares Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $1.50 per share. The ex-dividend date was Thursday, March 13th.

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.