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

Affinity Bancshares, Inc. (NASDAQ:AFBI) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 3,600 shares, an increase of 9.1% from the March 31st total of 3,300 shares. Based on an average daily trading volume, of 3,700 shares, the short-interest ratio is currently 1.0 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Affinity Bancshares

A hedge fund recently bought a new stake in Affinity Bancshares stock. Objectivity Squared LLC purchased a new stake in Affinity Bancshares, Inc. (NASDAQ:AFBI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 28,000 shares of the company’s stock, valued at approximately $447,000. Affinity Bancshares accounts for 0.4% of Objectivity Squared LLC’s portfolio, making the stock its 26th largest holding. Objectivity Squared LLC owned about 0.44% of Affinity Bancshares as of its most recent SEC filing. 39.31% of the stock is owned by hedge funds and other institutional investors.

Affinity Bancshares Stock Performance

AFBI opened at $16.74 on Wednesday. The stock has a market cap of $107.47 million, a PE ratio of 18.20 and a beta of 0.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. Affinity Bancshares has a 1 year low of $11.29 and a 1 year high of $17.15. The stock’s 50 day simple moving average is $16.56 and its 200-day simple moving average is $15.78.

Affinity Bancshares (NASDAQ:AFBI) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $7.31 million for the quarter. Affinity Bancshares had a return on equity of 5.08% and a net margin of 12.98%.

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.It also offers commercial and residential real estate, commercial and industrial, residential mortgage, construction and land, and consumer loans, as well as balloon and adjustable-rate loans.