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

Key Points

• Affinity Bancshares, Inc. (NASDAQ:AFBI) experienced a 30.4% decline in short interest in August, bringing the total to 9,400 shares.
• The company's stock price opened at $19.59, with a market cap of $123.22 million and a price-to-earnings ratio of 18.31.
• Insider Robert Vickers sold 7,565 shares at an average price of $19.47, significantly reducing his ownership by 72.99% to 2,800 shares.

Affinity Bancshares, Inc. (NASDAQ:AFBI - Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 9,400 shares, a decline of 30.4% from the August 15th total of 13,500 shares. Based on an average daily volume of 9,700 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 9,700 shares, the short-interest ratio is currently 1.0 days.

Affinity Bancshares Stock Performance

NASDAQ AFBI opened at $19.59 on Tuesday. The firm has a market cap of $123.22 million, a price-to-earnings ratio of 18.31 and a beta of 0.42. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $19.12 and a 200-day moving average price of $18.59. Affinity Bancshares has a twelve month low of $17.00 and a twelve month high of $22.50.

Affinity Bancshares (NASDAQ:AFBI - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The company reported $0.36 earnings per share for the quarter. The firm had revenue of $8.32 million during the quarter. Affinity Bancshares had a return on equity of 6.05% and a net margin of 13.78%.

Insider Transactions at Affinity Bancshares

In other Affinity Bancshares news, insider Robert Vickers sold 7,565 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $19.47, for a total transaction of $147,290.55. Following the completion of the sale, the insider owned 2,800 shares of the company's stock, valued at approximately $54,516. The trade was a 72.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 12.35% of the company's stock.

Institutional Investors Weigh In On Affinity Bancshares

Hedge funds have recently made changes to their positions in the company. Tabor Asset Management LP purchased a new stake in shares of Affinity Bancshares in the first quarter worth about $2,508,000. Northern Trust Corp lifted its position in shares of Affinity Bancshares by 52.5% in the fourth quarter. Northern Trust Corp now owns 15,345 shares of the company's stock worth $269,000 after buying an additional 5,283 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Affinity Bancshares by 14.6% in the first quarter. Farther Finance Advisors LLC now owns 16,302 shares of the company's stock worth $291,000 after buying an additional 2,075 shares in the last quarter. CSS LLC IL lifted its position in shares of Affinity Bancshares by 23.7% in the fourth quarter. CSS LLC IL now owns 39,779 shares of the company's stock worth $696,000 after buying an additional 7,629 shares in the last quarter. Finally, Salzhauer Michael purchased a new stake in shares of Affinity Bancshares in the second quarter worth about $276,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

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.

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