AmeriServ Financial (NASDAQ:ASRV) Stock Crosses Above 200 Day Moving Average – What’s Next?

AmeriServ Financial Inc. (NASDAQ:ASRV)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.79 and traded as high as $4.64. AmeriServ Financial shares last traded at $4.62, with a volume of 34,636 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of 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 MarketBeat.com, the company currently has a consensus rating of “Buy”.

AmeriServ Financial Price Performance

The firm has a market capitalization of $83.44 million, a price-to-earnings ratio of 9.65 and a beta of 0.43. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $4.00 and a two-hundred day moving average price of $3.81.

AmeriServ Financial (NASDAQ:ASRV) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.16 EPS for the quarter. The firm had revenue of $15.90 million during the quarter. AmeriServ Financial had a return on equity of 7.21% and a net margin of 9.51%.

AmeriServ Financial Dividend Announcement

The company also recently disclosed 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 2.4%. The ex-dividend date of this dividend is Monday, August 3rd. AmeriServ Financial’s dividend payout ratio (DPR) is 23.53%.

Institutional Investors Weigh In On AmeriServ Financial

Several large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in AmeriServ Financial in the 2nd quarter worth approximately $587,000. Geode Capital Management LLC boosted its position in AmeriServ Financial by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 142,798 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 2,830 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of AmeriServ Financial by 4.5% in the first quarter. Empowered Funds LLC now owns 101,212 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 4,396 shares in the last quarter. Institutional investors and hedge funds own 31.52% of the company’s stock.

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.