Insider Buying: AmeriServ Financial (NASDAQ:ASRV) CEO Purchases $11,550.00 in Stock

AmeriServ Financial Inc. (NASDAQ:ASRV) CEO Jeffrey Stopko purchased 3,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average price of $3.85 per share, with a total value of $11,550.00. Following the transaction, the chief executive officer owned 169,379 shares in the company, valued at $652,109.15. This trade represents a 1.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

AmeriServ Financial Stock Down 3.4%

Shares of NASDAQ ASRV opened at $3.65 on Friday. The stock has a market cap of $61.92 million, a P/E ratio of 11.06 and a beta of 0.47. The firm has a 50 day moving average price of $3.77 and a 200 day moving average price of $3.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.87 and a current ratio of 0.87. AmeriServ Financial Inc. has a 52-week low of $2.40 and a 52-week high of $4.04.

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

AmeriServ Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 18th. Investors of record on Monday, May 4th will be issued a dividend of $0.03 per share. The ex-dividend date is Monday, May 4th. This represents a $0.12 dividend on an annualized basis and a yield of 3.3%. AmeriServ Financial’s payout ratio is currently 36.36%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in AmeriServ Financial by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 142,798 shares of the financial services provider’s stock valued at $456,000 after buying an additional 2,830 shares in the last quarter. Argyle Capital Management LLC bought a new position in AmeriServ Financial in the third quarter valued at approximately $275,000. Finally, Empowered Funds LLC lifted its stake in AmeriServ Financial by 4.5% in the first quarter. Empowered Funds LLC now owns 101,212 shares of the financial services provider’s stock valued at $246,000 after buying an additional 4,396 shares in the last quarter. Institutional investors own 31.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of AmeriServ Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average 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.