AmeriServ Financial (NASDAQ:ASRV) Shares Cross Above 200-Day Moving Average – Here’s What Happened

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 $3.86 and traded as high as $5.03. AmeriServ Financial shares last traded at $5.01, with a volume of 4,636 shares.

Analysts Set New Price Targets

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

AmeriServ Financial Price Performance

The company’s fifty day simple moving average is $4.12 and its 200 day simple moving average is $3.87. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $84.97 million, a P/E ratio of 9.82 and a beta of 0.43.

AmeriServ Financial (NASDAQ:ASRV) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $0.16 earnings per share 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 for the quarter.

AmeriServ Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, August 3rd. AmeriServ Financial’s payout ratio is presently 23.53%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of AmeriServ Financial by 4.5% during the first quarter. Empowered Funds LLC now owns 101,212 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 4,396 shares in the last quarter. Geode Capital Management LLC lifted its position in AmeriServ Financial by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 142,798 shares of the financial services provider’s stock valued at $456,000 after buying an additional 2,830 shares during the period. Finally, BlackRock Inc. purchased a new position in AmeriServ Financial during the second quarter valued at $587,000. Institutional investors own 31.52% of the company’s stock.

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.