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

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

Affinity Bancshares Trading Up 0.6 %

Shares of AFBI opened at $18.44 on Friday. The firm’s fifty day moving average is $19.99 and its two-hundred day moving average is $20.89. The stock has a market cap of $118.20 million, a PE ratio of 21.69 and a beta of 0.54. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. Affinity Bancshares has a 52-week low of $14.93 and a 52-week high of $22.50.

Insider Buying and Selling

In other news, Director Howard G. Roberts sold 1,346 shares of Affinity Bancshares stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $21.50, for a total value of $28,939.00. Following the sale, the director now directly owns 25,373 shares of the company’s stock, valued at $545,519.50. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders sold 6,242 shares of company stock valued at $134,203. 10.76% of the stock is owned by corporate insiders.

Institutional Trading of Affinity Bancshares

Large investors have recently bought and sold shares of the business. Barclays PLC acquired a new position in shares of Affinity Bancshares during the 3rd quarter worth approximately $39,000. Geode Capital Management LLC boosted its stake in Affinity Bancshares by 21.9% during the third quarter. Geode Capital Management LLC now owns 51,027 shares of the company’s stock worth $1,093,000 after buying an additional 9,168 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Affinity Bancshares by 16.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 46,033 shares of the company’s stock valued at $976,000 after buying an additional 6,421 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of 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 acquiring an additional 1,744 shares during the last quarter. Finally, Walleye Capital LLC raised its holdings 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 worth $463,000 after acquiring an additional 2,500 shares during the period. Hedge funds and other institutional investors own 39.31% of the company’s stock.

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.