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

Affinity Bancshares, Inc. (NASDAQ:AFBI) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 5,831 shares, an increase of 24.5% from the February 26th total of 4,683 shares. Based on an average daily trading volume, of 2,581 shares, the short-interest ratio is currently 2.3 days. Currently, 0.1% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Affinity Bancshares in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Investors Weigh In On Affinity Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. lifted its stake in Affinity Bancshares by 49.2% in the 3rd quarter. Alliancebernstein L.P. now owns 546,552 shares of the company’s stock valued at $10,778,000 after purchasing an additional 180,121 shares during the last quarter. Beartown Capital Management LLC bought a new position in Affinity Bancshares during the fourth quarter worth about $623,000. Salzhauer Michael acquired a new position in Affinity Bancshares during the second quarter worth approximately $276,000. Jane Street Group LLC bought a new stake in Affinity Bancshares in the first quarter valued at approximately $251,000. Finally, Maltese Capital Management LLC raised its stake in Affinity Bancshares by 13.8% in the third quarter. Maltese Capital Management LLC now owns 53,480 shares of the company’s stock valued at $1,055,000 after buying an additional 6,480 shares during the period. 39.31% of the stock is owned by institutional investors.

Affinity Bancshares Stock Performance

NASDAQ AFBI opened at $19.41 on Monday. Affinity Bancshares has a 12 month low of $17.00 and a 12 month high of $22.50. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average of $20.01 and a 200-day moving average of $19.84. The company has a market cap of $118.21 million, a PE ratio of 15.05 and a beta of 0.23.

Affinity Bancshares (NASDAQ:AFBI) last issued its earnings results on Friday, January 23rd. The company reported $0.40 earnings per share for the quarter. Affinity Bancshares had a net margin of 15.74% and a return on equity of 7.25%. The business had revenue of $8.57 million for the quarter.

Affinity Bancshares declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 7th that permits the company to repurchase $300,000.00 in shares. This repurchase authorization permits the company to buy up to 0.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Affinity Bancshares Company Profile

Affinity Bancshares, Inc is a bank holding company whose primary subsidiary, Affinity Bank, offers a full range of financial products and services to individuals and businesses. Founded to serve the evolving banking needs of its communities, the company provides demand, savings and time deposit accounts, along with treasury management and online banking capabilities. It caters to retail and commercial clients seeking deposit, cash management and payment solutions.

On the lending side, Affinity Bank extends credit through commercial real estate loans, small business administration loans and traditional commercial lines of credit.