AmeriServ Financial Inc. (NASDAQ:ASRV) Shares Will Pay Quarterly Dividend of $0.03

AmeriServ Financial Inc. (NASDAQ:ASRV) declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.03 per share by the financial services provider on Monday, November 16th. This represents a $0.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, November 2nd.

AmeriServ Financial Price Performance

Shares of NASDAQ:ASRV opened at $4.55 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a fifty day moving average price of $4.75 and a 200 day moving average price of $4.22. AmeriServ Financial has a fifty-two week low of $2.96 and a fifty-two week high of $5.38. The firm has a market cap of $77.19 million, a price-to-earnings ratio of 8.91 and a beta of 0.45.

AmeriServ Financial (NASDAQ:ASRV) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $0.18 earnings per share for the quarter. The company had revenue of $15.96 million during the quarter. AmeriServ Financial had a net margin of 9.51% and a return on equity of 7.13%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of AmeriServ Financial in a report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

AmeriServ Financial Company Profile

AmeriServ Financial, Inc is a financial holding company headquartered in Johnstown, Pennsylvania. Through its principal subsidiary, AmeriServ Financial Bank, the company provides banking and financial services to individuals, families, businesses, and institutions.

AmeriServ Financial Bank offers consumer and commercial deposit accounts, residential and commercial lending, mortgage services, and other traditional banking products. Its services also include wealth management, trust administration, investment management, and retirement planning through its trust and investment operations.

The company primarily serves communities in western and central Pennsylvania and nearby markets.