AmeriServ Financial (NASDAQ:ASRV) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of AmeriServ Financial Inc. (NASDAQ:ASRV) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.73 and traded as high as $4.47. AmeriServ Financial shares last traded at $4.47, with a volume of 53,298 shares changing hands.

Wall Street Analyst Weigh In

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

AmeriServ Financial Price Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.85 and a current ratio of 0.85. The business has a 50 day moving average price of $3.88 and a 200-day moving average price of $3.74. The company has a market capitalization of $77.51 million, a price-to-earnings ratio of 8.96 and a beta of 0.44.

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

AmeriServ Financial Dividend Announcement

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AmeriServ Financial stock. Geode Capital Management LLC raised its stake in AmeriServ Financial Inc. (NASDAQ:ASRV) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 SEC filing. Institutional investors own 31.52% of the company’s stock.

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.