AmeriServ Financial (NASDAQ:ASRV) Shares Cross Below Two Hundred Day Moving Average of $4.13

Shares of AmeriServ Financial, Inc. (NASDAQ:ASRV) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.13 and traded as low as $4.15. AmeriServ Financial shares last traded at $4.16, with a volume of 185 shares trading hands.

Separately, ValuEngine raised AmeriServ Financial from a “sell” rating to a “hold” rating in a research note on Thursday.

The stock has a 50 day moving average of $4.16 and a 200 day moving average of $4.13. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $71.62 million, a price-to-earnings ratio of 9.16 and a beta of 0.33.

AmeriServ Financial (NASDAQ:ASRV) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.10 EPS for the quarter. The company had revenue of $12.72 million for the quarter. AmeriServ Financial had a return on equity of 8.01% and a net margin of 12.51%.

Several institutional investors have recently bought and sold shares of ASRV. West Chester Capital Advisors Inc. lifted its stake in shares of AmeriServ Financial by 0.6% in the second quarter. West Chester Capital Advisors Inc. now owns 436,722 shares of the financial services provider’s stock worth $1,812,000 after acquiring an additional 2,476 shares during the period. Acadian Asset Management LLC lifted its stake in shares of AmeriServ Financial by 23.1% in the second quarter. Acadian Asset Management LLC now owns 60,850 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 11,402 shares during the period. Context BH Capital Management LP lifted its stake in shares of AmeriServ Financial by 0.8% in the second quarter. Context BH Capital Management LP now owns 652,707 shares of the financial services provider’s stock worth $2,709,000 after acquiring an additional 5,200 shares during the period. BlackRock Inc. lifted its stake in shares of AmeriServ Financial by 5.7% in the second quarter. BlackRock Inc. now owns 233,340 shares of the financial services provider’s stock worth $969,000 after acquiring an additional 12,480 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of AmeriServ Financial by 0.6% in the second quarter. Vanguard Group Inc. now owns 701,773 shares of the financial services provider’s stock worth $2,913,000 after acquiring an additional 3,995 shares during the period. 42.69% of the stock is currently owned by institutional investors.

About AmeriServ Financial (NASDAQ:ASRV)

AmeriServ Financial Inc operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking services, such as demand, savings, and time deposits; checking and money market accounts; secured and unsecured consumer loans, and mortgage loans; and safe deposit boxes, holiday club accounts, money orders, and traveler's checks.

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