Short Interest in Affinity Bancshares, Inc. (NASDAQ:AFBI) Declines By 16.5%

Affinity Bancshares, Inc. (NASDAQ:AFBI) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 5,513 shares, a decline of 16.5% from the December 31st total of 6,606 shares. Based on an average daily volume of 2,564 shares, the short-interest ratio is presently 2.2 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 2,564 shares, the short-interest ratio is presently 2.2 days.

Affinity Bancshares Stock Up 1.3%

NASDAQ AFBI opened at $20.59 on Wednesday. The stock has a 50 day moving average price of $20.44 and a 200-day moving average price of $19.65. Affinity Bancshares has a one year low of $17.00 and a one year high of $22.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $127.04 million, a P/E ratio of 15.96 and a beta of 0.23.

Affinity Bancshares (NASDAQ:AFBI) last released its quarterly earnings results on Friday, January 23rd. The company reported $0.40 earnings per share (EPS) for the quarter. Affinity Bancshares had a net margin of 15.74% and a return on equity of 7.30%. The company had revenue of $8.57 million for the quarter.

Affinity Bancshares declared that its Board of Directors has approved a share buyback plan on Wednesday, January 7th that allows the company to repurchase $300,000.00 in shares. This repurchase authorization allows 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 management believes its shares are undervalued.

Institutional Investors Weigh In On Affinity Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP boosted its stake in shares of Affinity Bancshares by 17.9% during the third quarter. Susquehanna International Group LLP now owns 25,346 shares of the company’s stock valued at $500,000 after purchasing an additional 3,850 shares during the period. Alliancebernstein L.P. boosted its position 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 buying an additional 180,121 shares during the period. Salzhauer Michael bought a new position in Affinity Bancshares in the 2nd quarter worth about $276,000. Jane Street Group LLC purchased a new position in shares of Affinity Bancshares during the first quarter worth approximately $251,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Affinity Bancshares during the third quarter valued at approximately $53,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.