Short Interest in Affinity Bancshares, Inc. (NASDAQ:AFBI) Increases By 30.9%

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the target of a significant 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. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 22,700 shares, the days-to-cover ratio is currently 2.2 days.

Affinity Bancshares Trading Up 0.4 %

NASDAQ AFBI opened at $17.83 on Wednesday. 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 firm has a market cap of $114.33 million, a price-to-earnings ratio of 21.74 and a beta of 0.52. The firm has a 50 day simple moving average of $18.52 and a 200-day simple moving average of $20.05. Affinity Bancshares has a one year low of $14.93 and a one year high of $22.50.

Affinity Bancshares (NASDAQ:AFBI) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.26 EPS for the quarter. Affinity Bancshares had a net margin of 10.88% and a return on equity of 4.65%.

Affinity Bancshares Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, March 13th.

Hedge Funds Weigh In On Affinity Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Walleye Capital LLC increased its stake in shares of Affinity Bancshares by 13.1% during the third quarter. Walleye Capital LLC now owns 21,611 shares of the company’s stock worth $463,000 after buying an additional 2,500 shares during the period. Barclays PLC acquired a new position in Affinity Bancshares during the 3rd quarter worth approximately $39,000. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 9,168 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Affinity Bancshares in the 3rd quarter valued at $59,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Affinity Bancshares by 80.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 28,315 shares of the company’s stock worth $496,000 after purchasing an additional 12,656 shares during the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

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.