BlackRock Inc. Grows Position in AmeriServ Financial, Inc. (ASRV)
BlackRock Inc. lifted its holdings in AmeriServ Financial, Inc. (NASDAQ:ASRV) by 8.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 230,287 shares of the financial services provider’s stock after acquiring an additional 17,247 shares during the period. BlackRock Inc.’s holdings in AmeriServ Financial were worth $944,000 as of its most recent filing with the SEC.
ASRV stock opened at $4.27 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.91 and a current ratio of 0.91. AmeriServ Financial, Inc. has a 52 week low of $3.95 and a 52 week high of $4.55. The stock has a market capitalization of $77.51 million, a P/E ratio of 10.24 and a beta of 0.21.
AmeriServ Financial (NASDAQ:ASRV) last released its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $0.13 EPS for the quarter. AmeriServ Financial had a net margin of 7.95% and a return on equity of 7.74%. The business had revenue of $12.70 million for the quarter.
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AmeriServ Financial Profile
AmeriServ Financial Inc operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking services, such as demand, savings, and time deposits; checking and money market accounts; secured and unsecured consumer loans, and mortgage loans; and safe deposit boxes, holiday club accounts, money orders, and traveler's checks.
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