Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Up 9.1% in April

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the target of a significant increase in short interest in 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. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is currently 1.0 days.

Affinity Bancshares Price Performance

Shares of NASDAQ AFBI opened at $16.77 on Tuesday. The stock has a market capitalization of $107.66 million, a P/E ratio of 18.23 and a beta of 0.45. Affinity Bancshares has a one year low of $11.29 and a one year high of $17.15. The firm’s 50 day simple moving average is $16.56 and its two-hundred day simple moving average is $15.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Affinity Bancshares stock. Salzhauer Michael purchased a new position in shares of Affinity Bancshares, Inc. (NASDAQ:AFBI) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,576 shares of the company’s stock, valued at approximately $208,000. Salzhauer Michael owned about 0.20% of Affinity Bancshares at the end of the most recent reporting period. Institutional investors and hedge funds own 39.31% of the company’s stock.

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.