Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Down 28.1% in April

Affinity Bancshares, Inc. (NASDAQ:AFBI - Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 17,400 shares, a decrease of 28.1% from the March 31st total of 24,200 shares. Based on an average trading volume of 16,800 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Affinity Bancshares

A number of large investors have recently bought and sold shares of the company. Barclays PLC acquired a new position in Affinity Bancshares during the third quarter worth about $39,000. JPMorgan Chase & Co. bought a new stake in Affinity Bancshares during the third quarter valued at $59,000. Northern Trust Corp grew its stake in Affinity Bancshares by 52.5% during the fourth quarter. Northern Trust Corp now owns 15,345 shares of the company's stock worth $269,000 after purchasing an additional 5,283 shares during the period. Farther Finance Advisors LLC increased 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 acquiring an additional 2,075 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of 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 purchasing an additional 12,656 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Affinity Bancshares Stock Performance

Shares of Affinity Bancshares stock traded down $0.07 during trading on Monday, hitting $18.14. 141 shares of the stock were exchanged, compared to its average volume of 15,844. Affinity Bancshares has a 1-year low of $16.60 and a 1-year high of $22.50. The stock has a market capitalization of $114.79 million, a price-to-earnings ratio of 22.12 and a beta of 0.33. The company has a fifty day moving average price of $18.29 and a 200-day moving average price of $19.46. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46.

Affinity Bancshares (NASDAQ:AFBI - Get Free Report) last released its quarterly 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 issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, March 13th.

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.