AmeriServ Financial (NASDAQ:ASRV) Announces Earnings Results

AmeriServ Financial (NASDAQ:ASRV) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.11 EPS for the quarter, Zacks reports. The firm had revenue of $14.80 million for the quarter. AmeriServ Financial had a return on equity of 4.93% and a net margin of 6.35%.

AmeriServ Financial Trading Up 0.8%

NASDAQ ASRV opened at $3.92 on Wednesday. The stock has a 50-day simple moving average of $3.74 and a 200 day simple moving average of $3.37. The company has a market capitalization of $66.48 million, a PE ratio of 11.53 and a beta of 0.44. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.62. AmeriServ Financial has a 12 month low of $2.23 and a 12 month high of $4.04.

AmeriServ Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 18th. Investors of record on Monday, May 4th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, May 4th. AmeriServ Financial’s dividend payout ratio is currently 35.29%.

Institutional Investors Weigh In On AmeriServ Financial

An institutional investor recently raised its position in AmeriServ Financial stock. Geode Capital Management LLC boosted its stake in AmeriServ Financial Inc. (NASDAQ:ASRV) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,798 shares of the financial services provider’s stock after purchasing an additional 2,830 shares during the quarter. Geode Capital Management LLC owned about 0.86% of AmeriServ Financial worth $456,000 as of its most recent SEC filing. 31.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded AmeriServ Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average 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.