Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Down 30.4% in August

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 drop in short interest in the month of August. As of August 31st, there was short interest totaling 9,400 shares, a drop of 30.4% from the August 15th total of 13,500 shares. Based on an average trading volume of 9,700 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 9,700 shares, the days-to-cover ratio is currently 1.0 days.

Affinity Bancshares Price Performance

Shares of NASDAQ AFBI traded up $0.12 during mid-day trading on Friday, reaching $19.82. 9,015 shares of the company traded hands, compared to its average volume of 10,506. Affinity Bancshares has a fifty-two week low of $17.00 and a fifty-two week high of $22.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $124.67 million, a PE ratio of 18.52 and a beta of 0.42. The stock has a fifty day simple moving average of $19.21 and a 200-day simple moving average of $18.61.

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

Insider Activity at Affinity Bancshares

In related news, insider Robert Vickers sold 7,565 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $19.47, for a total transaction of $147,290.55. Following the transaction, the insider owned 2,800 shares in the company, valued at $54,516. This trade represents a 72.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in Affinity Bancshares in the first quarter worth approximately $251,000. Salzhauer Michael purchased a new position in Affinity Bancshares during the 2nd quarter worth approximately $276,000. Northern Trust Corp grew its position in Affinity Bancshares by 52.5% during the 4th quarter. Northern Trust Corp now owns 15,345 shares of the company's stock worth $269,000 after purchasing an additional 5,283 shares in the last quarter. Farther Finance Advisors LLC grew its position in Affinity Bancshares by 14.6% during the 1st quarter. Farther Finance Advisors LLC now owns 16,302 shares of the company's stock worth $291,000 after purchasing an additional 2,075 shares in the last quarter. Finally, CSS LLC IL grew its position in Affinity Bancshares by 23.7% during the 4th quarter. CSS LLC IL now owns 39,779 shares of the company's stock worth $696,000 after purchasing an additional 7,629 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company's stock.

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.