Short Interest in Affinity Bancshares, Inc. (NASDAQ:AFBI) Declines By 50.7%

Affinity Bancshares, Inc. (NASDAQ:AFBI) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 24,200 shares, a decline of 50.7% from the March 15th total of 49,100 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 21,100 shares, the short-interest ratio is presently 1.1 days.

Affinity Bancshares Trading Up 0.8 %

Shares of NASDAQ AFBI opened at $17.95 on Thursday. The business has a fifty day simple moving average of $18.34 and a 200-day simple moving average of $19.73. The company has a market cap of $114.65 million, a price-to-earnings ratio of 21.89 and a beta of 0.25. Affinity Bancshares has a 12 month low of $16.50 and a 12 month high of $22.50. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.46.

Affinity Bancshares (NASDAQ:AFBI) last released its earnings results on Friday, January 31st. The company reported $0.26 earnings per share for the quarter. Affinity Bancshares had a net margin of 10.88% and a return on equity of 4.65%.

Affinity Bancshares Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $1.50 dividend. The ex-dividend date of this dividend was Thursday, March 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AFBI. Barclays PLC acquired a new position in shares of Affinity Bancshares in the third quarter worth $39,000. JPMorgan Chase & Co. purchased a new stake in shares of Affinity Bancshares during the 3rd quarter worth about $59,000. Northern Trust Corp lifted its holdings in shares of Affinity Bancshares by 52.5% during the 4th quarter. Northern Trust Corp now owns 15,345 shares of the company’s stock valued at $269,000 after buying an additional 5,283 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Affinity Bancshares by 14.6% in the 1st quarter. Farther Finance Advisors LLC now owns 16,302 shares of the company’s stock valued at $291,000 after buying an additional 2,075 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in Affinity Bancshares by 80.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 28,315 shares of the company’s stock valued at $496,000 after acquiring an additional 12,656 shares in the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

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.