Affinity Bancshares, Inc. (NASDAQ:AFBI - Get Free Report) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 24,200 shares, a decrease of 50.7% from the March 15th total of 49,100 shares. Currently, 0.5% of the company's stock are sold short. Based on an average trading volume of 21,100 shares, the days-to-cover ratio is currently 1.1 days.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in AFBI. Barclays PLC bought a new stake in Affinity Bancshares in the 3rd quarter valued at $39,000. Yakira Capital Management Inc. boosted its holdings in Affinity Bancshares by 11.5% during the fourth quarter. Yakira Capital Management Inc. now owns 143,822 shares of the company's stock valued at $2,517,000 after purchasing an additional 14,787 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Affinity Bancshares in the 3rd quarter valued at approximately $59,000. Geode Capital Management LLC raised its holdings in shares of Affinity Bancshares by 21.9% in the 3rd quarter. Geode Capital Management LLC now owns 51,027 shares of the company's stock worth $1,093,000 after buying an additional 9,168 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in Affinity Bancshares by 80.8% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 28,315 shares of the company's stock valued at $496,000 after buying an additional 12,656 shares in the last quarter. 39.31% of the stock is owned by institutional investors.
Affinity Bancshares Stock Performance
AFBI traded down $0.15 on Monday, hitting $18.25. The company had a trading volume of 800 shares, compared to its average volume of 15,718. Affinity Bancshares has a 1-year low of $16.50 and a 1-year high of $22.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.07. The company's fifty day moving average price is $18.35 and its 200 day moving average price is $19.67. The stock has a market cap of $116.56 million, a price-to-earnings ratio of 22.26 and a beta of 0.25.
Affinity Bancshares (NASDAQ:AFBI - Get Free Report) last posted its earnings results on Friday, January 31st. The company reported $0.26 earnings per share (EPS) for the quarter. Affinity Bancshares had a net margin of 10.88% and a return on equity of 4.65%.
Affinity Bancshares Announces Dividend
The firm also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $1.50 dividend. The ex-dividend date was Thursday, March 13th.
About Affinity Bancshares
(
Get Free Report)
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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