AmeriServ Financial (NASDAQ:ASRV) Stock Crosses Below Two Hundred Day Moving Average of $4.15

AmeriServ Financial, Inc. (NASDAQ:ASRV) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.15 and traded as low as $4.15. AmeriServ Financial shares last traded at $4.15, with a volume of 2,671 shares trading hands.

Separately, ValuEngine upgraded AmeriServ Financial from a “sell” rating to a “hold” rating in a report on Thursday, October 10th.

The company has a fifty day simple moving average of $4.16 and a two-hundred day simple moving average of $4.15. The company has a market capitalization of $71.81 million, a price-to-earnings ratio of 9.98 and a beta of 0.35. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.91 and a current ratio of 0.92.

AmeriServ Financial (NASDAQ:ASRV) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. AmeriServ Financial had a net margin of 11.36% and a return on equity of 7.27%. The company had revenue of $12.86 million during the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were paid a dividend of $0.025 per share. The ex-dividend date was Friday, November 1st. This is a boost from AmeriServ Financial’s previous quarterly dividend of $0.01. This represents a $0.10 annualized dividend and a dividend yield of 2.40%.

Several hedge funds and other institutional investors have recently made changes to their positions in ASRV. Acadian Asset Management LLC grew its stake in shares of AmeriServ Financial by 23.1% during the 2nd quarter. Acadian Asset Management LLC now owns 60,850 shares of the financial services provider’s stock valued at $252,000 after buying an additional 11,402 shares during the period. BlackRock Inc. grew its stake in shares of AmeriServ Financial by 5.7% during the 2nd quarter. BlackRock Inc. now owns 233,340 shares of the financial services provider’s stock valued at $969,000 after buying an additional 12,480 shares during the period. West Chester Capital Advisors Inc. grew its stake in shares of AmeriServ Financial by 0.6% during the 2nd quarter. West Chester Capital Advisors Inc. now owns 436,722 shares of the financial services provider’s stock valued at $1,812,000 after buying an additional 2,476 shares during the period. Context BH Capital Management LP grew its stake in shares of AmeriServ Financial by 0.8% during the 2nd quarter. Context BH Capital Management LP now owns 652,707 shares of the financial services provider’s stock valued at $2,709,000 after buying an additional 5,200 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of AmeriServ Financial by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 701,773 shares of the financial services provider’s stock valued at $2,913,000 after buying an additional 3,995 shares during the period. 42.91% of the stock is owned by institutional investors.

About AmeriServ Financial (NASDAQ:ASRV)

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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