AmeriServ Financial Inc. (ASRV) To Go Ex-Dividend on November 3rd
AmeriServ Financial Inc. (NASDAQ:ASRV) announced a quarterly dividend on Friday, October 20th, Wall Street Journal reports. Stockholders of record on Monday, November 6th will be given a dividend of 0.015 per share by the financial services provider on Monday, November 20th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, November 3rd.
AmeriServ Financial (NASDAQ:ASRV) last announced its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.08 earnings per share for the quarter. The business had revenue of $12.57 million for the quarter. AmeriServ Financial had a net margin of 9.33% and a return on equity of 5.68%.
In related news, insider Craig G. Ford sold 40,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $3.86, for a total value of $154,400.00. Following the sale, the insider now directly owns 72,655 shares in the company, valued at approximately $280,448.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig G. Ford purchased 9,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average price of $3.98 per share, for a total transaction of $35,820.00. Following the completion of the transaction, the insider now directly owns 61,655 shares in the company, valued at $245,386.90. The disclosure for this purchase can be found here. Insiders purchased a total of 10,349 shares of company stock worth $41,054 over the last quarter. 9.70% of the stock is currently owned by corporate insiders.
AmeriServ Financial Company Profile
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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