Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Up 18.7% in September

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 34,900 shares, an increase of 18.7% from the August 31st total of 29,400 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 13,800 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On Affinity Bancshares

Institutional investors have recently made changes to their positions in the stock. Salzhauer Michael purchased a new position in Affinity Bancshares in the first quarter valued at about $208,000. Dimensional Fund Advisors LP increased its holdings in shares of Affinity Bancshares by 16.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 46,033 shares of the company’s stock worth $976,000 after buying an additional 6,421 shares during the last quarter. Finally, Renaissance Technologies LLC increased 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 worth $1,089,000 after buying an additional 1,744 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

Affinity Bancshares Price Performance

NASDAQ:AFBI opened at $21.45 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.41. The firm has a fifty day simple moving average of $21.35 and a 200 day simple moving average of $19.42. Affinity Bancshares has a 1-year low of $13.76 and a 1-year high of $21.98. The stock has a market capitalization of $137.64 million, a PE ratio of 23.32 and a beta of 0.51.

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

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.