AmeriServ Financial (NASDAQ:ASRV) Announces Quarterly Earnings Results

AmeriServ Financial (NASDAQ:ASRV) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.11 earnings per share for the quarter, Zacks reports. The company had revenue of $14.80 million during the quarter. AmeriServ Financial had a return on equity of 4.93% and a net margin of 6.35%.

AmeriServ Financial Stock Performance

Shares of NASDAQ ASRV traded down $0.02 during trading hours on Tuesday, hitting $3.87. 14,499 shares of the stock were exchanged, compared to its average volume of 12,878. AmeriServ Financial has a one year low of $2.23 and a one year high of $4.04. The company’s 50 day moving average is $3.73 and its 200 day moving average is $3.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $65.65 million, a P/E ratio of 11.38 and a beta of 0.44.

Analyst Ratings Changes

Separately, Weiss Ratings raised AmeriServ Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

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

AmeriServ Financial Company Profile

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.