Short Interest in Affinity Bancshares, Inc. (NASDAQ:AFBI) Declines By 18.1%

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 18,500 shares, a decline of 18.1% from the October 31st total of 22,600 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is currently 2.6 days.

Insider Activity at Affinity Bancshares

In other Affinity Bancshares news, Director Howard G. Roberts sold 1,346 shares of the firm’s stock in a transaction 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 transaction, the director now owns 25,373 shares in the company, valued at $545,519.50. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 6,242 shares of company stock worth $134,203 in the last ninety days. 10.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On Affinity Bancshares

Hedge funds have recently bought and sold shares of the company. 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 worth $976,000 after acquiring an additional 6,421 shares in the last quarter. Renaissance Technologies LLC boosted its holdings 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. Lynch & Associates IN bought a new position in shares of Affinity Bancshares in the 3rd quarter valued at $266,000. Barclays PLC acquired a new position in shares of Affinity Bancshares during the 3rd quarter worth $39,000. Finally, Geode Capital Management LLC lifted its position in shares of Affinity Bancshares by 21.9% during the 3rd 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. 39.31% of the stock is owned by institutional investors.

Affinity Bancshares Stock Performance

AFBI opened at $21.67 on Monday. The firm has a market cap of $138.95 million, a P/E ratio of 25.49 and a beta of 0.51. The business’s fifty day moving average is $21.44 and its 200-day moving average is $20.92. Affinity Bancshares has a 52-week low of $14.02 and a 52-week high of $22.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.07.

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.