Affinity Bancshares, Inc. (NASDAQ:AFBI) was the target of a sharp decline in short interest in January. As of January 31, there was selling interest totaling 4,100 shares, down 35.9% from the total of 6,400 shares as of January 15. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume of 5,200 shares, the days-to-cover ratio is currently 0.8 days.
Separately, director Howard G. Roberts purchased 4,202 shares of the company in a transaction on Monday, November 29. The shares were purchased at an average cost of $14.78 per share, for a total transaction of $62,105.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, director Howard G. Roberts purchased 2,000 shares of the company in a trade on Friday, December 10. The shares were purchased at an average price of $15.20 per share, with a total value of $30,400.00. Disclosure of this purchase can be found here. Insiders have purchased a total of 14,929 shares of the company worth $221,702 over the past three months. Company insiders hold 6.60% of the company’s shares.
Major investors have recently changed their positions in the company. Rockefeller Capital Management LP acquired a new equity stake in Affinity Bancshares during Q4 for $38,000. Dimensional Fund Advisors LP increased its position in Affinity Bancshares shares by 11.1% during the third quarter. Dimensional Fund Advisors LP now owns 19,520 shares of the company valued at $275,000 after acquiring 1,948 additional shares in the last quarter. Millennium Management LLC purchased a new equity stake from Affinity Bancshares in the third quarter for $316,000. BHZ Capital Management LP bought a new equity stake in Affinity Bancshares in the fourth quarter worth $446,000. Finally, Alliancebernstein LP increased its equity stake in Affinity Bancshares by 1.2% in the third quarter. Alliancebernstein LP now owns 316,724 shares of the company valued at $4,450,000 after buying 3,897 additional shares last quarter. Institutional investors hold 15.94% of the company’s shares.
Separately, TheStreet upgraded Affinity Bancshares from a ‘c’ rating to a ‘b’ rating in a Wednesday, February 2 research report.
NASDAQ:AFBI shares opened at $15.12 on Tuesday. Affinity Bancshares has a one-year minimum of $11.00 and a one-year maximum of $18.00. The stock has a fifty-day moving average of $15.42 and a 200-day moving average of $14.58. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt ratio of 0.41.
About Affinity Bancshares
Affinity Bancshares, Inc operates as a holding company for Affinity Bank which provides various banking products and services. The company accepts various deposit accounts, including savings accounts, checking accounts, certificates of deposit and individual retirement accounts. It also offers commercial and industrial real estate, one to four family residential real estate, construction and land, and consumer credit.
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