Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Up 24.5% in March

Affinity Bancshares, Inc. (NASDAQ:AFBI) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 5,831 shares, an increase of 24.5% from the February 26th total of 4,683 shares. Based on an average daily trading volume, of 2,581 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Affinity Bancshares in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Hedge Funds Weigh In On Affinity Bancshares

Large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new stake in Affinity Bancshares in the third quarter valued at approximately $53,000. Maltese Capital Management LLC raised its stake in shares of Affinity Bancshares by 5.5% during the 4th quarter. Maltese Capital Management LLC now owns 56,439 shares of the company’s stock worth $1,152,000 after buying an additional 2,959 shares during the period. Susquehanna International Group LLP raised its stake in shares of Affinity Bancshares by 17.9% during the 3rd quarter. Susquehanna International Group LLP now owns 25,346 shares of the company’s stock worth $500,000 after buying an additional 3,850 shares during the period. Jane Street Group LLC purchased a new position in shares of Affinity Bancshares during the 1st quarter valued at approximately $251,000. Finally, Salzhauer Michael purchased a new position in shares of Affinity Bancshares during the 2nd quarter valued at approximately $276,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

Affinity Bancshares Stock Performance

Shares of NASDAQ AFBI opened at $22.26 on Wednesday. The company has a market capitalization of $135.56 million, a PE ratio of 17.26 and a beta of 0.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. The company’s fifty day moving average price is $20.03 and its 200 day moving average price is $19.86. Affinity Bancshares has a 1 year low of $17.00 and a 1 year high of $22.50.

Affinity Bancshares (NASDAQ:AFBI) last released its quarterly earnings data on Friday, January 23rd. The company reported $0.40 earnings per share for the quarter. The company had revenue of $8.57 million during the quarter. Affinity Bancshares had a net margin of 15.74% and a return on equity of 7.25%.

Affinity Bancshares announced that its board has approved a share buyback plan on Wednesday, January 7th that allows the company to buyback $300,000.00 in outstanding shares. This buyback authorization allows the company to purchase up to 0.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

About Affinity Bancshares

Affinity Bancshares, Inc is a bank holding company whose primary subsidiary, Affinity Bank, offers a full range of financial products and services to individuals and businesses. Founded to serve the evolving banking needs of its communities, the company provides demand, savings and time deposit accounts, along with treasury management and online banking capabilities. It caters to retail and commercial clients seeking deposit, cash management and payment solutions.

On the lending side, Affinity Bank extends credit through commercial real estate loans, small business administration loans and traditional commercial lines of credit.