AmeriServ Financial (NASDAQ:ASRV) Posts Quarterly Earnings Results

AmeriServ Financial (NASDAQ:ASRV) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.18 EPS for the quarter, FiscalAI reports. AmeriServ Financial had a net margin of 10.14% and a return on equity of 7.50%. The business had revenue of $15.96 million during the quarter.

AmeriServ Financial Stock Up 1.1%

Shares of AmeriServ Financial stock opened at $4.72 on Thursday. The firm has a market cap of $80.15 million, a price-to-earnings ratio of 8.65 and a beta of 0.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.83 and a quick ratio of 0.83. AmeriServ Financial has a 52-week low of $2.96 and a 52-week high of $5.38. The stock has a 50-day simple moving average of $4.74 and a 200-day simple moving average of $4.23.

AmeriServ Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.5%. AmeriServ Financial’s dividend payout ratio (DPR) is 22.22%.

Institutional Trading of AmeriServ Financial

An institutional investor recently bought a new position in AmeriServ Financial stock. BlackRock Inc. purchased a new stake in shares of AmeriServ Financial Inc. (NASDAQ:ASRV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter. 31.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

AmeriServ Financial Company Profile

AmeriServ Financial, Inc is a financial holding company headquartered in Johnstown, Pennsylvania. Through its principal subsidiary, AmeriServ Financial Bank, the company provides banking and financial services to individuals, families, businesses, and institutions.

AmeriServ Financial Bank offers consumer and commercial deposit accounts, residential and commercial lending, mortgage services, and other traditional banking products. Its services also include wealth management, trust administration, investment management, and retirement planning through its trust and investment operations.

The company primarily serves communities in western and central Pennsylvania and nearby markets.