Affinity Bancshares, Inc. (NASDAQ:AFBI) Short Interest Up 102.4% in March

Affinity Bancshares, Inc. (NASDAQ:AFBI) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 11,802 shares, a growth of 102.4% from the March 15th total of 5,831 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 37,172 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Affinity Bancshares

Large investors have recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in shares of Affinity Bancshares during the third quarter worth approximately $53,000. Jane Street Group LLC purchased a new stake in shares of Affinity Bancshares during the first quarter worth approximately $251,000. Salzhauer Michael purchased a new stake in shares of Affinity Bancshares during the second quarter worth approximately $276,000. Susquehanna International Group LLP increased its position in shares of Affinity Bancshares by 17.9% during the third quarter. Susquehanna International Group LLP now owns 25,346 shares of the company’s stock worth $500,000 after purchasing an additional 3,850 shares in the last quarter. Finally, Beartown Capital Management LLC purchased a new stake in shares of Affinity Bancshares during the fourth quarter worth approximately $623,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

Affinity Bancshares Stock Up 0.3%

Shares of AFBI opened at $22.37 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 1.12. Affinity Bancshares has a one year low of $17.58 and a one year high of $22.50. The stock has a market capitalization of $136.23 million, a price-to-earnings ratio of 17.34 and a beta of 0.15. The stock has a 50 day moving average price of $20.38 and a 200 day moving average price of $20.02.

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

Affinity Bancshares announced that its Board of Directors has approved a stock buyback program on Wednesday, January 7th that permits the company to buyback $300,000.00 in shares. This buyback authorization permits the company to purchase up to 0.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Affinity Bancshares in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Affinity Bancshares Company Profile

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.