AmeriServ Financial (NASDAQ:ASRV) Shares Pass Above Two Hundred Day Moving Average – What’s Next?
by Kim Johansen · The Markets DailyAmeriServ Financial Inc. (NASDAQ:ASRV – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.93 and traded as high as $5.06. AmeriServ Financial shares last traded at $5.02, with a volume of 7,057 shares.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of AmeriServ Financial in a research report on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.
Read Our Latest Research Report on AmeriServ Financial
AmeriServ Financial Trading Up 0.4%
The company has a market cap of $85.24 million, a price-to-earnings ratio of 9.84 and a beta of 0.43. The company has a quick ratio of 0.85, a current ratio of 0.83 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $4.25 and its two-hundred day simple moving average is $3.93.
AmeriServ Financial (NASDAQ:ASRV – Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $15.90 million during the quarter. AmeriServ Financial had a net margin of 9.51% and a return on equity of 7.13%.
AmeriServ Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, August 3rd. AmeriServ Financial’s dividend payout ratio is currently 23.53%.
Hedge Funds Weigh In On AmeriServ Financial
Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of AmeriServ Financial by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 142,798 shares of the financial services provider’s stock valued at $456,000 after purchasing an additional 2,830 shares during the last quarter. Empowered Funds LLC grew its stake in AmeriServ Financial by 4.5% during the 1st quarter. Empowered Funds LLC now owns 101,212 shares of the financial services provider’s stock worth $246,000 after buying an additional 4,396 shares during the last quarter. Finally, BlackRock Inc. purchased a new position in AmeriServ Financial during the 2nd quarter worth approximately $587,000. Hedge funds and other 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.