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

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 3,600 shares, a growth of 9.1% from the March 31st total of 3,300 shares. Based on an average trading volume of 3,700 shares, the short-interest ratio is presently 1.0 days. Currently, 0.1% of the shares of the stock are short sold.

Affinity Bancshares Price Performance

Shares of NASDAQ AFBI opened at $16.74 on Wednesday. The stock has a market capitalization of $107.47 million, a PE ratio of 18.20 and a beta of 0.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day moving average price of $16.56 and a two-hundred day moving average price of $15.78. Affinity Bancshares has a fifty-two week low of $11.29 and a fifty-two week high of $17.15.

Affinity Bancshares (NASDAQ:AFBI) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.23 earnings per share for the quarter. The firm had revenue of $7.31 million during the quarter. Affinity Bancshares had a return on equity of 5.08% and a net margin of 12.98%.

Hedge Funds Weigh In On Affinity Bancshares

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) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,576 shares of the company’s stock, valued at approximately $208,000. Salzhauer Michael owned approximately 0.20% of Affinity Bancshares as of its most recent filing with the SEC. Institutional investors and hedge funds own 39.31% of the company’s stock.

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.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.