AmeriServ Financial (NASDAQ:ASRV) Releases Quarterly Earnings Results

AmeriServ Financial (NASDAQ:ASRV) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.18 earnings per share for the quarter, FiscalAI reports. AmeriServ Financial had a return on equity of 7.13% and a net margin of 9.51%. The firm had revenue of $15.96 million for the quarter.

AmeriServ Financial Trading Up 6.6%

Shares of ASRV opened at $4.67 on Wednesday. The firm has a market capitalization of $79.30 million, a price-to-earnings ratio of 8.59 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 1-year low of $2.96 and a 1-year high of $5.38. The company has a 50-day moving average of $4.75 and a 200 day moving average of $4.22.

AmeriServ Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be issued a dividend of $0.03 per share. The ex-dividend date is Monday, November 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 2.6%. AmeriServ Financial’s dividend payout ratio (DPR) is presently 23.53%.

Hedge Funds Weigh In On AmeriServ Financial

An institutional investor recently bought a new position in AmeriServ Financial stock. Empowered Funds LLC purchased a new stake in AmeriServ Financial Inc. (NASDAQ:ASRV) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 103,258 shares of the financial services provider’s stock, valued at approximately $401,000. Empowered Funds LLC owned 0.61% of AmeriServ Financial as of its most recent filing with the Securities and Exchange Commission (SEC). 31.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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.com, the company presently 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.