Lesa Sroufe & Co Continues to Hold Stake in AmeriServ Financial, Inc. (ASRV)
Lesa Sroufe & Co continued to hold its position in shares of AmeriServ Financial, Inc. (NASDAQ:ASRV) during the second quarter, Holdings Channel reports. The institutional investor owned 100,000 shares of the financial services provider’s stock at the end of the second quarter. Lesa Sroufe & Co’s holdings in AmeriServ Financial were worth $415,000 at the end of the most recent quarter.
Separately, Municipal Employees Retirement System of Michigan bought a new position in shares of AmeriServ Financial during the second quarter worth about $683,000. Institutional investors own 35.51% of the company’s stock.
AmeriServ Financial, Inc. (ASRV) opened at 4.05 on Wednesday. AmeriServ Financial, Inc. has a 12 month low of $3.10 and a 12 month high of $4.25. The stock’s 50 day moving average is $4.00 and its 200-day moving average is $3.95. The firm has a market capitalization of $74.71 million, a price-to-earnings ratio of 15.40 and a beta of 0.15.
AmeriServ Financial (NASDAQ:ASRV) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $12.65 million for the quarter. AmeriServ Financial had a net margin of 10.98% and a return on equity of 5.81%. Equities analysts anticipate that AmeriServ Financial, Inc. will post ($0.02) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Thursday, August 3rd. AmeriServ Financial’s dividend payout ratio (DPR) is presently 23.08%.
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Separately, TheStreet upgraded shares of AmeriServ Financial from a “c” rating to a “b-” rating in a research report on Wednesday, April 19th.
About AmeriServ Financial
AmeriServ Financial, Inc is a bank holding company of AmeriServ Financial Bank (the Bank). The Company’s principal activities consist of owning and operating its three subsidiary entities. The Company’s segments include retail banking, commercial banking, trust and investment/parent. Its Retail banking segment includes the deposit-gathering branch franchise and lending to both individuals and small businesses.
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