AmeriServ Financial (NASDAQ:ASRV) Releases Earnings Results

AmeriServ Financial (NASDAQ:ASRVGet Free Report) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, Zacks reports. AmeriServ Financial had a return on equity of 4.72% and a net margin of 6.20%.

AmeriServ Financial Price Performance

NASDAQ:ASRV traded up $0.06 during mid-day trading on Tuesday, hitting $3.93. 7,868 shares of the company’s stock traded hands, compared to its average volume of 9,396. AmeriServ Financial has a 1 year low of $2.64 and a 1 year high of $4.04. The company has a market cap of $66.65 million, a PE ratio of 11.91 and a beta of 0.44. The firm’s 50 day simple moving average is $3.82 and its 200 day simple moving average is $3.69. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.85 and a current ratio of 0.85.

Institutional Investors Weigh In On AmeriServ Financial

An institutional investor recently raised its position in AmeriServ Financial stock. Empowered Funds LLC raised its position in AmeriServ Financial Inc. (NASDAQ:ASRVFree Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,212 shares of the financial services provider’s stock after purchasing an additional 4,396 shares during the quarter. Empowered Funds LLC owned 0.61% of AmeriServ Financial worth $246,000 at the end of the most recent quarter. 31.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on AmeriServ Financial

AmeriServ Financial Company Profile

(Get Free Report)

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.

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Earnings History for AmeriServ Financial (NASDAQ:ASRV)

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