AmeriServ Financial Inc. (ASRV) Insider Craig G. Ford Buys 9,000 Shares
AmeriServ Financial Inc. (NASDAQ:ASRV) insider Craig G. Ford purchased 9,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average cost of $3.98 per share, with a total value of $35,820.00. Following the purchase, the insider now owns 61,655 shares of the company’s stock, valued at $245,386.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
AmeriServ Financial Inc. (NASDAQ:ASRV) traded up 2.56% on Tuesday, reaching $4.00. The company had a trading volume of 6,165 shares. The stock has a market capitalization of $73.79 million, a P/E ratio of 15.21 and a beta of 0.15. AmeriServ Financial Inc. has a 12-month low of $3.10 and a 12-month high of $4.25. The stock’s 50-day moving average price is $3.95 and its 200-day moving average price is $3.95.
AmeriServ Financial (NASDAQ:ASRV) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $12.65 million for the quarter. AmeriServ Financial had a return on equity of 5.11% and a net margin of 8.59%. On average, equities research analysts anticipate that AmeriServ Financial Inc. will post ($0.02) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were issued a dividend of $0.015 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.06 dividend on an annualized basis and a yield of 1.54%. AmeriServ Financial’s dividend payout ratio (DPR) is 23.08%.
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A number of institutional investors and hedge funds have recently modified their holdings of ASRV. Municipal Employees Retirement System of Michigan purchased a new stake in AmeriServ Financial during the 2nd quarter worth about $683,000. Oppenheimer & Close LLC lifted its holdings in AmeriServ Financial by 190.2% during the 2nd quarter. Oppenheimer & Close LLC now owns 63,312 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 41,497 shares in the last quarter. Context BH Capital Management LP lifted its holdings in AmeriServ Financial by 1.4% during the 2nd quarter. Context BH Capital Management LP now owns 655,163 shares of the financial services provider’s stock worth $2,719,000 after purchasing an additional 9,239 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in AmeriServ Financial by 0.8% during the 2nd quarter. Royal Bank of Canada now owns 47,423 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 375 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.
About AmeriServ Financial
AmeriServ Financial, Inc is a bank holding company of AmeriServ Financial Bank (the Bank). The Company’s principal activities consist of owning and operating its three subsidiary entities. The Company’s segments include retail banking, commercial banking, trust and investment/parent. Its Retail banking segment includes the deposit-gathering branch franchise and lending to both individuals and small businesses.
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