Short Interest in Affinity Bancshares, Inc. (NASDAQ:AFBI) Grows By 22.9%

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 21,500 shares, a growth of 22.9% from the December 15th total of 17,500 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 12,300 shares, the days-to-cover ratio is presently 1.7 days.

Affinity Bancshares Stock Up 2.7 %

NASDAQ AFBI opened at $18.49 on Friday. 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 company has a market capitalization of $118.52 million, a P/E ratio of 21.75 and a beta of 0.54. Affinity Bancshares has a one year low of $14.93 and a one year high of $22.50. The stock has a 50 day moving average price of $20.66 and a 200-day moving average price of $21.10.

Insiders Place Their Bets

In other news, Director Howard G. Roberts sold 1,346 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 25,373 shares in the company, valued at approximately $545,519.50. This represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 6,242 shares of company stock worth $134,203 in the last three months. 10.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC bought a new position in shares of Affinity Bancshares during the 3rd quarter valued at approximately $39,000. JPMorgan Chase & Co. bought a new position in shares of Affinity Bancshares during the 3rd quarter valued at approximately $59,000. Lynch & Associates IN bought a new position in shares of Affinity Bancshares during the 3rd quarter valued at approximately $266,000. Walleye Capital LLC boosted 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 acquiring an additional 2,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 last quarter. 39.31% of the stock is currently owned by institutional investors.

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.