AmeriServ Financial (NASDAQ:ASRV) CEO Jeffrey Stopko Purchases 3,000 Shares

AmeriServ Financial Inc. (NASDAQ:ASRV) CEO Jeffrey Stopko bought 3,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was purchased at an average cost of $3.85 per share, for a total transaction of $11,550.00. Following the acquisition, the chief executive officer directly owned 169,379 shares of the company’s stock, valued at $652,109.15. The trade was a 1.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

AmeriServ Financial Stock Up 0.8%

AmeriServ Financial stock opened at $3.79 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $64.28 million, a price-to-earnings ratio of 11.48 and a beta of 0.47. AmeriServ Financial Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $4.04. The stock’s fifty day moving average is $3.77 and its two-hundred day moving average is $3.43.

AmeriServ Financial (NASDAQ:ASRV) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.11 earnings per share for the quarter. The company had revenue of $14.80 million for the quarter. AmeriServ Financial had a return on equity of 4.78% and a net margin of 6.20%.

AmeriServ Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 18th. Shareholders of record on Monday, May 4th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $0.12 annualized dividend and a yield of 3.2%. AmeriServ Financial’s dividend payout ratio is 36.36%.

Hedge Funds Weigh In On AmeriServ Financial

Several large investors have recently added to or reduced their stakes in ASRV. Empowered Funds LLC lifted its position in AmeriServ Financial by 4.5% during the first quarter. Empowered Funds LLC now owns 101,212 shares of the financial services provider’s stock worth $246,000 after buying an additional 4,396 shares during the period. Argyle Capital Management LLC purchased a new position in AmeriServ Financial during the third quarter worth about $275,000. Finally, Geode Capital Management LLC lifted its position in AmeriServ Financial by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 142,798 shares of the financial services provider’s stock worth $456,000 after buying an additional 2,830 shares during the period. 31.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised AmeriServ Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

About AmeriServ Financial

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.