AF is going down with other financials, nothing in particular to them. End game will be eventual buyout of bank hopefully at or above book value. I don't know what the market would pay for AF or other banks but they should be able to get at least $15/share.
AF is down about 8% from it's December highs. You would be hard pressed to find other community banks down nearly as much. Also, $15 per share in a takeout is a nice price but not likely. Their tangible book value is $11.38 . So who do you think would be willing to pay over 1.3 x tangible book value for a bank that is still puking on it's bad loans and has let the franchise whither away ?? If you find one, have them call the CEO.