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

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 October 8, 2024, AFBI stock price declined to $21.40 with 7,675 million shares trading.

AFBI has a beta of -0.13, meaning it tends to be less sensitive to market movements. AFBI has a correlation of 0.00 to the broad based SPY ETF.

AFBI has a market cap of $137.32 million. This is considered a Micro Cap stock.

In the last 3 years, AFBI traded as high as $21.98 and as low as $11.29.

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

AFBI has outperformed the market in the last year with a return of +42.6%, while the SPY ETF gained +35.1%. However, in the most recent history, AFBI shares have underperformed the stock market with its stock returning +1.0% in the last 3 month period and -0.7% for the last 2 week period, while SPY has returned +3.7% and +0.6%, respectively.

AFBI support price is $21.30 and resistance is $21.56 (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 shares will trade within this expected range on the day.