AmeriServ Financial (NASDAQ:ASRV) Announces Quarterly Earnings Results

AmeriServ Financial (NASDAQ:ASRV) released its earnings results on Tuesday. The financial services provider reported $0.16 earnings per share for the quarter, Zacks reports. AmeriServ Financial had a net margin of 6.20% and a return on equity of 4.72%.

AmeriServ Financial Trading Up 1.6%

Shares of NASDAQ:ASRV traded up $0.06 during mid-day trading on Tuesday, hitting $3.93. The stock had a trading volume of 7,868 shares, compared to its average volume of 9,396. The company’s 50 day moving average is $3.82 and its 200-day moving average is $3.69. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.85 and a current ratio of 0.85. AmeriServ Financial has a 12-month low of $2.64 and a 12-month high of $4.04. The company has a market cap of $66.65 million, a PE ratio of 11.91 and a beta of 0.44.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in AmeriServ Financial stock. Empowered Funds LLC boosted its holdings in shares of AmeriServ Financial Inc. (NASDAQ:ASRV) by 4.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,212 shares of the financial services provider’s stock after buying an additional 4,396 shares during the period. Empowered Funds LLC owned approximately 0.61% of AmeriServ Financial worth $246,000 as of its most recent filing with the Securities and Exchange Commission. 31.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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.com, the company currently has an average rating of “Buy”.

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.