Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Update

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 4,570 shares, a drop of 14.4% from the January 29th total of 5,336 shares. Based on an average daily trading volume, of 2,419 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,419 shares, the days-to-cover ratio is presently 1.9 days.

Wall Street Analysts Forecast Growth

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

Affinity Bancshares Price Performance

AFBI stock opened at $19.90 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average of $20.43 and a two-hundred day moving average of $19.84. Affinity Bancshares has a 12 month low of $17.00 and a 12 month high of $22.50. The company has a market cap of $122.78 million, a price-to-earnings ratio of 15.43 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 return on equity of 7.30% and a net margin of 15.74%.The business had revenue of $8.57 million for the quarter.

Affinity Bancshares declared that its board has authorized a share buyback program on Wednesday, January 7th that authorizes the company to buyback $300,000.00 in outstanding shares. This buyback authorization authorizes the company to reacquire up to 0.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AFBI. Jane Street Group LLC acquired a new position in shares of Affinity Bancshares during the 1st quarter valued at about $251,000. Salzhauer Michael purchased a new position in Affinity Bancshares during the second quarter worth about $276,000. Alliancebernstein L.P. raised its stake in Affinity Bancshares by 49.2% during the third quarter. Alliancebernstein L.P. now owns 546,552 shares of the company’s stock worth $10,778,000 after purchasing an additional 180,121 shares during the period. Maltese Capital Management LLC boosted its holdings in Affinity Bancshares by 13.8% in the 3rd quarter. Maltese Capital Management LLC now owns 53,480 shares of the company’s stock valued at $1,055,000 after purchasing an additional 6,480 shares during the last quarter. Finally, Susquehanna International Group LLP grew its stake in shares of Affinity Bancshares by 17.9% in the 3rd quarter. Susquehanna International Group LLP now owns 25,346 shares of the company’s stock valued at $500,000 after buying an additional 3,850 shares during the period. Hedge funds and other institutional investors own 39.31% of the company’s stock.

About Affinity Bancshares

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.