AmeriServ Financial (NASDAQ:ASRV) Issues Quarterly Earnings Results

AmeriServ Financial (NASDAQ:ASRV) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.11 EPS for the quarter, Zacks reports. AmeriServ Financial had a net margin of 6.20% and a return on equity of 4.78%. The firm had revenue of $14.80 million for the quarter.

AmeriServ Financial Stock Up 1.0%

NASDAQ:ASRV opened at $3.96 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $67.16 million, a price-to-earnings ratio of 12.00 and a beta of 0.44. AmeriServ Financial has a one year low of $2.24 and a one year high of $4.04. The stock has a 50-day simple moving average of $3.75 and a 200 day simple moving average of $3.38.

AmeriServ Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 18th. Investors of record on Monday, May 4th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, May 4th. AmeriServ Financial’s dividend payout ratio (DPR) is 35.29%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AmeriServ Financial stock. Empowered Funds LLC lifted its position in shares of AmeriServ Financial Inc. (NASDAQ:ASRV) by 4.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,212 shares of the financial services provider’s stock after acquiring an additional 4,396 shares during the period. Empowered Funds LLC owned about 0.61% of AmeriServ Financial worth $246,000 at the end of the most recent reporting period. 31.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded AmeriServ Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.