AmeriServ Financial (NASDAQ:ASRV) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

AmeriServ Financial Inc. (NASDAQ:ASRV) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.79 and traded as high as $4.64. AmeriServ Financial shares last traded at $4.62, with a volume of 34,636 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded AmeriServ Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, AmeriServ Financial currently has a consensus rating of “Buy”.

AmeriServ Financial Stock Performance

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.58. The company has a market cap of $78.36 million, a PE ratio of 9.06 and a beta of 0.43. The company has a 50-day moving average of $3.95 and a 200-day moving average of $3.79.

AmeriServ Financial (NASDAQ:ASRV) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.16 earnings per share (EPS) for the quarter. AmeriServ Financial had a net margin of 9.51% and a return on equity of 7.21%. The firm had revenue of $15.90 million during the quarter.

AmeriServ Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, August 3rd. AmeriServ Financial’s dividend payout ratio is 23.53%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AmeriServ Financial stock. Geode Capital Management LLC raised its position in shares of AmeriServ Financial Inc. (NASDAQ:ASRV) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 142,798 shares of the financial services provider’s stock after purchasing 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 Securities and Exchange Commission. 31.52% of the stock is currently owned by hedge funds and other institutional investors.

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.