AmeriServ Financial (NASDAQ:ASRV – Get Free Report) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.18 EPS for the quarter, FiscalAI reports. AmeriServ Financial had a net margin of 9.51% and a return on equity of 7.13%. The firm had revenue of $15.96 million during the quarter.
AmeriServ Financial Price Performance
Shares of AmeriServ Financial stock opened at $4.38 on Tuesday. AmeriServ Financial has a twelve month low of $2.96 and a twelve month high of $5.38. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.53. The company has a 50-day simple moving average of $4.75 and a two-hundred day simple moving average of $4.22. The stock has a market capitalization of $74.37 million, a price-to-earnings ratio of 8.59 and a beta of 0.45.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in AmeriServ Financial stock. Empowered Funds LLC bought a new stake in shares of AmeriServ Financial Inc. (NASDAQ:ASRV – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 103,258 shares of the financial services provider’s stock, valued at approximately $401,000. Empowered Funds LLC owned 0.61% of AmeriServ Financial as of its most recent filing with the Securities and Exchange Commission. 31.52% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “buy (b)” rating on shares of AmeriServ Financial in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.
Check Out Our Latest Stock Analysis on AmeriServ Financial
AmeriServ Financial Company Profile
AmeriServ Financial, Inc is a financial holding company headquartered in Johnstown, Pennsylvania. Through its principal subsidiary, AmeriServ Financial Bank, the company provides banking and financial services to individuals, families, businesses, and institutions.
AmeriServ Financial Bank offers consumer and commercial deposit accounts, residential and commercial lending, mortgage services, and other traditional banking products. Its services also include wealth management, trust administration, investment management, and retirement planning through its trust and investment operations.
The company primarily serves communities in western and central Pennsylvania and nearby markets.
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