AmeriServ Financial (NASDAQ:ASRV) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of AmeriServ Financial Inc. (NASDAQ:ASRV) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.45 and traded as high as $3.87. AmeriServ Financial shares last traded at $3.87, with a volume of 9,768 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings lowered AmeriServ Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

AmeriServ Financial Stock Performance

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $3.76 and a 200 day moving average price of $3.45. The firm has a market cap of $65.65 million, a PE ratio of 11.73 and a beta of 0.47.

AmeriServ Financial (NASDAQ:ASRV) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.11 EPS for the quarter. AmeriServ Financial had a return on equity of 4.78% and a net margin of 6.20%.The business had revenue of $14.80 million for the quarter.

AmeriServ Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 18th. Stockholders of record on Monday, May 4th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, May 4th. AmeriServ Financial’s payout ratio is currently 36.36%.

Institutional Trading of AmeriServ Financial

A hedge fund recently raised its stake in AmeriServ Financial stock. Geode Capital Management LLC boosted its stake in AmeriServ Financial Inc. (NASDAQ:ASRV) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,798 shares of the financial services provider’s stock after buying an additional 2,830 shares during the period. Geode Capital Management LLC owned approximately 0.86% of AmeriServ Financial worth $456,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.