AmeriServ Financial (NASDAQ:ASRV) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of AmeriServ Financial Inc. (NASDAQ:ASRV) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.68 and traded as high as $4.88. AmeriServ Financial shares last traded at $4.65, with a volume of 8,766 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of AmeriServ Financial in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, AmeriServ Financial currently has a consensus rating of “Buy”.

AmeriServ Financial Price Performance

The company has a market capitalization of $79.81 million, a price-to-earnings ratio of 9.22 and a beta of 0.44. The company has a 50-day moving average price of $4.70 and a 200-day moving average price of $4.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.83 and a current ratio of 0.83.

AmeriServ Financial (NASDAQ:ASRV) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.16 earnings per share for the quarter. The business had revenue of $15.90 million for the quarter. AmeriServ Financial had a net margin of 9.51% and a return on equity of 7.13%.

AmeriServ Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, August 3rd. AmeriServ Financial’s payout ratio is 23.53%.

Institutional Trading of AmeriServ Financial

A hedge fund recently bought a new position in AmeriServ Financial stock. BlackRock Inc. purchased a new stake in AmeriServ Financial Inc. (NASDAQ:ASRV) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 151,262 shares of the financial services provider’s stock, valued at approximately $587,000. BlackRock Inc. owned approximately 0.89% of AmeriServ Financial as of its most recent filing with the Securities and Exchange Commission (SEC). 31.52% of the stock is owned by institutional investors.

About AmeriServ Financial

AmeriServ Financial, Inc (NASDAQ:ASRV) is a bank holding company headquartered in Johnstown, Pennsylvania. Through its principal subsidiary, AmeriServ Financial Bank, the company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.

AmeriServ Financial Bank offers consumer and commercial deposit accounts, residential and commercial real estate loans, business lending, personal loans, mortgage services and other traditional banking products.