AFBI Stock Summary and Trading Ideas (Affinity Bancshares | NASDAQ:AFBI)

Affinity Bancshares Inc is a holding company of Affinity Bank. The company serves small businesses in Atlanta and Southeast with its financial services products. It mainly offers commercial and personal banking solutions. It offers a variety of deposit accounts, including checking accounts, savings accounts, and certificate of deposit accounts.

Affinity Bancshares trades on the NASDAQ stock market under the symbol AFBI.

As of March 27, 2023, AFBI stock price climbed to $14.75 with 1,759 million shares trading.

AFBI has a market cap of $97.85 million. This is considered a Micro Cap stock.

The top ETF exchange traded funds that AFBI belongs to (by Net Assets): VTI, VXF, IWC, ITOT, DFAC.

AFBI has outperformed the market in the last year with a return of -5.4%, while the SPY ETF lost -10.5%. However, in the most recent history, AFBI shares have underperformed the stock market with its stock returning +1.4% in the last 3 month period and -3.0% for the last 2 week period, while SPY has returned +4.0% and +3.2%, respectively.

AFBI support price is $13.56 and resistance is $14.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AFBI stock will trade within this expected range on the day.