AmeriServ Financial (NASDAQ:ASRV) Releases Quarterly Earnings Results

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

AmeriServ Financial Stock Up 1.6%

ASRV opened at $3.93 on Wednesday. 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 stock has a market capitalization of $66.65 million, a price-to-earnings ratio of 11.91 and a beta of 0.44. The business has a 50-day moving average of $3.83 and a two-hundred day moving average of $3.69. AmeriServ Financial has a 12 month low of $2.64 and a 12 month high of $4.04.

AmeriServ Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, August 3rd. AmeriServ Financial’s dividend payout ratio (DPR) is presently 36.36%.

Hedge Funds Weigh In On AmeriServ Financial

A hedge fund recently raised its stake in AmeriServ Financial stock. Geode Capital Management LLC grew its stake in shares of AmeriServ Financial Inc. (NASDAQ:ASRV) by 2.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 142,798 shares of the financial services provider’s stock after buying an additional 2,830 shares during the period. Geode Capital Management LLC owned 0.86% of AmeriServ Financial worth $456,000 as of its most recent SEC filing. 31.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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