Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Down 11.2% in September

by · The Cerbat Gem

Affinity Bancshares, Inc. (NASDAQ:AFBI – Get Free Report) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 31,000 shares, a drop of 11.2% from the September 15th total of 34,900 shares. Based on an average daily volume of 11,100 shares, the short-interest ratio is currently 2.8 days. Approximately 0.7% of the company’s stock are short sold.

Hedge Funds Weigh In On Affinity Bancshares

A number of institutional investors have recently made changes to their positions in the business. Lynch & Associates IN acquired a new stake in shares of Affinity Bancshares during the third quarter worth approximately $266,000. Dimensional Fund Advisors LP grew its holdings in Affinity Bancshares by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 46,033 shares of the company’s stock worth $976,000 after acquiring an additional 6,421 shares in the last quarter. Finally, Renaissance Technologies LLC raised 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 valued at $1,089,000 after purchasing an additional 1,744 shares in the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

Affinity Bancshares Stock Performance

Affinity Bancshares stock opened at $21.45 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s fifty day moving average price is $21.39 and its 200 day moving average price is $19.84. The company has a market capitalization of $137.64 million, a price-to-earnings ratio of 23.32 and a beta of 0.51. Affinity Bancshares has a 12-month low of $13.76 and a 12-month high of $21.98.

Affinity Bancshares (NASDAQ:AFBI – Get Free Report) last released its quarterly earnings results on Friday, July 26th. The company reported $0.16 EPS for the quarter. The business had revenue of $8.27 million for the quarter. Affinity Bancshares had a return on equity of 4.51% and a net margin of 11.45%.

About Affinity Bancshares

(Get Free Report)

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.

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