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Affinity Bancshares, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results
Business Wire (Thu, 1-Feb 4:30 PM ET)
Affinity Bancshares Inc is a holding company of Affinity Bank, a federally chartered stock savings bank that offers a variety of deposit accounts, including checking accounts, savings accounts, and certificate of deposit accounts. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate loans, commercial and industrial loans, and residential real estate loans, construction and land loans, and consumer loans. It also invests in securities, which consist of mortgage-backed securities and obligations issued by United States government-sponsored enterprises and Federal Home Loan Bank stock.
Affinity Bancshares trades on the NASDAQ stock market under the symbol AFBI.
As of March 28, 2024, AFBI stock price declined to $16.55 with 10,134 million shares trading.
AFBI has a market cap of $106.20 million. This is considered a Micro Cap stock.
In the last 3 years, AFBI stock traded as high as $18.00 and as low as $11.29.
The top ETF exchange traded funds that AFBI belongs to (by Net Assets): VXF, IWC, DFAC, DFSV, DFAT.
AFBI has underperformed the market in the last year with a price return of +12.3% while the SPY ETF gained +33.6%. AFBI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.8% and -0.1%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
AFBI support price is $16.35 and resistance is $17.03 (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.