AmeriServ Financial (NASDAQ:ASRV) Announces Earnings Results

AmeriServ Financial (NASDAQ:ASRVGet Free Report) released its earnings results on Tuesday. The financial services provider reported $0.16 earnings per share for the quarter, Zacks reports. The business had revenue of $15.90 million for the quarter. AmeriServ Financial had a net margin of 6.20% and a return on equity of 4.72%.

AmeriServ Financial Trading Up 1.9%

Shares of ASRV stock traded up $0.07 during trading on Tuesday, hitting $3.94. 7,868 shares of the stock traded hands, compared to its average volume of 9,396. The firm has a market capitalization of $66.89 million, a P/E ratio of 11.95 and a beta of 0.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.85 and a quick ratio of 0.85. The firm’s fifty day moving average price is $3.82 and its 200-day moving average price is $3.69. AmeriServ Financial has a 52-week low of $2.64 and a 52-week high of $4.04.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AmeriServ Financial stock. Geode Capital Management LLC lifted its stake in AmeriServ Financial Inc. (NASDAQ:ASRVFree Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 142,798 shares of the financial services provider’s stock after acquiring an additional 2,830 shares during the quarter. Geode Capital Management LLC owned 0.86% of AmeriServ Financial worth $456,000 at the end of the most recent reporting period. 31.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Read Our Latest Research Report on ASRV

AmeriServ Financial Company Profile

(Get Free Report)

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.

See Also

Earnings History for AmeriServ Financial (NASDAQ:ASRV)

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