AmeriServ Financial (NASDAQ:ASRV) Issues Quarterly Earnings Results

AmeriServ Financial (NASDAQ:ASRV) issued its earnings results on Tuesday. The financial services provider reported $0.16 earnings per share for the quarter, Zacks reports. AmeriServ Financial had a net margin of 9.51% and a return on equity of 7.21%. The company had revenue of $15.90 million for the quarter.

AmeriServ Financial Trading Up 5.3%

Shares of NASDAQ ASRV opened at $4.14 on Thursday. AmeriServ Financial has a 12 month low of $2.64 and a 12 month high of $4.14. The company has a market cap of $70.21 million, a price-to-earnings ratio of 8.12 and a beta of 0.44. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $3.84 and a 200-day simple moving average of $3.70.

AmeriServ Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, August 3rd. AmeriServ Financial’s payout ratio is presently 36.36%.

Institutional Trading of AmeriServ Financial

A hedge fund recently raised its stake in AmeriServ Financial stock. Geode Capital Management LLC grew its position in AmeriServ Financial Inc. (NASDAQ:ASRV) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,798 shares of the financial services provider’s stock after buying an additional 2,830 shares during the quarter. Geode Capital Management LLC owned approximately 0.86% of AmeriServ Financial worth $456,000 at the end of the most recent quarter. Institutional investors and hedge funds own 31.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised AmeriServ Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

AmeriServ Financial Company Profile

AmeriServ Financial, Inc is a holding company, which engages in the provision of consumer, mortgage and commercial financial products and services through its subsidiary. It operates through the following segments: Community Banking, Wealth Management, and Investment or Parent. The Community Banking segment includes both retail and commercial banking activities. The Wealth Management segment involves in the operations of a Trust Company, West Chester Capital Advisors an investment advisory firm, and Financial Services.