AmeriServ Financial (NASDAQ:ASRV) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of AmeriServ Financial Inc. (NASDAQ:ASRV) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.45 and traded as high as $3.87. AmeriServ Financial shares last traded at $3.87, with a volume of 9,768 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded AmeriServ Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, AmeriServ Financial presently has a consensus rating of “Buy”.

AmeriServ Financial Stock Performance

The stock has a fifty day simple moving average of $3.76 and a two-hundred day simple moving average of $3.46. The stock has a market cap of $64.96 million, a price-to-earnings ratio of 11.61 and a beta of 0.47. 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 (NASDAQ:ASRV) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $0.11 earnings per share for the quarter. AmeriServ Financial had a return on equity of 4.78% and a net margin of 6.20%.The firm had revenue of $14.80 million for the quarter.

AmeriServ Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 18th. Stockholders of record on Monday, May 4th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, May 4th. AmeriServ Financial’s dividend payout ratio is presently 36.36%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AmeriServ Financial stock. Geode Capital Management LLC grew its position in AmeriServ Financial Inc. (NASDAQ:ASRV) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 142,798 shares of the financial services provider’s stock after acquiring an additional 2,830 shares during the period. Geode Capital Management LLC owned 0.86% of AmeriServ Financial worth $456,000 as of its most recent filing with the SEC. 31.52% of the stock is currently owned by 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.