Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Down 33.3% in June

Affinity Bancshares, Inc. (NASDAQ:AFBI) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 4,000 shares, a decline of 33.3% from the May 31st total of 6,000 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 19,200 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Affinity Bancshares

A hedge fund recently bought a new stake in Affinity Bancshares stock. Objectivity Squared LLC bought a new stake in Affinity Bancshares, Inc. (NASDAQ:AFBI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,000 shares of the company’s stock, valued at approximately $447,000. Affinity Bancshares accounts for about 0.4% of Objectivity Squared LLC’s portfolio, making the stock its 26th biggest position. Objectivity Squared LLC owned 0.44% of Affinity Bancshares at the end of the most recent quarter. 39.31% of the stock is owned by institutional investors.

Affinity Bancshares Stock Performance

NASDAQ:AFBI opened at $21.20 on Monday. The firm’s 50-day moving average is $18.56 and its 200-day moving average is $17.14. Affinity Bancshares has a 52-week low of $11.66 and a 52-week high of $21.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $136.10 million, a price-to-earnings ratio of 23.04 and a beta of 0.49.

Affinity Bancshares (NASDAQ:AFBI) last posted its earnings results on Friday, April 26th. The company reported $0.20 earnings per share for the quarter. The business had revenue of $7.33 million for the quarter. Affinity Bancshares had a net margin of 12.98% and a return on equity of 5.04%.

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.