Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Update

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 18,500 shares, a drop of 18.1% from the October 31st total of 22,600 shares. Based on an average trading volume of 7,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 0.4% of the shares of the company are sold short.

Insider Activity

In other Affinity Bancshares news, Director Howard G. Roberts sold 1,346 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $21.50, for a total transaction of $28,939.00. Following the completion of the sale, the director now directly owns 25,373 shares in the company, valued at $545,519.50. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 6,242 shares of company stock valued at $134,203 in the last 90 days. 10.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC raised its holdings in Affinity Bancshares by 3.5% in the 2nd quarter. Renaissance Technologies LLC now owns 51,348 shares of the company’s stock worth $1,089,000 after purchasing an additional 1,744 shares during the period. Barclays PLC purchased a new stake in Affinity Bancshares in the third quarter worth about $39,000. Walleye Capital LLC lifted its position in shares of Affinity Bancshares by 13.1% during the 3rd quarter. Walleye Capital LLC now owns 21,611 shares of the company’s stock valued at $463,000 after buying an additional 2,500 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Affinity Bancshares by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 46,033 shares of the company’s stock valued at $976,000 after acquiring an additional 6,421 shares during the period. Finally, Geode Capital Management LLC increased 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 worth $1,093,000 after acquiring an additional 9,168 shares in the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Affinity Bancshares Stock Performance

AFBI opened at $21.67 on Friday. Affinity Bancshares has a 12-month low of $14.02 and a 12-month high of $22.21. The company has a market cap of $138.90 million, a price-to-earnings ratio of 25.49 and a beta of 0.51. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $21.45 and its 200 day moving average is $20.86.

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.