AmeriServ Financial, Inc. (NASDAQ:ASRV)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.90 and traded as low as $2.72. AmeriServ Financial shares last traded at $2.82, with a volume of 12,076 shares.
Separately, ValuEngine cut shares of AmeriServ Financial from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd.
The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.84. The business’s 50-day simple moving average is $2.80 and its two-hundred day simple moving average is $2.90. The company has a market capitalization of $48.11 million, a PE ratio of 9.40 and a beta of 0.83.
AmeriServ Financial (NASDAQ:ASRV) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.08 earnings per share for the quarter. The company had revenue of $13.24 million during the quarter. AmeriServ Financial had a net margin of 8.11% and a return on equity of 5.13%.
A hedge fund recently raised its stake in AmeriServ Financial stock. M3F Inc. grew its stake in AmeriServ Financial, Inc. (NASDAQ:ASRV) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,212,279 shares of the financial services provider’s stock after purchasing an additional 14,004 shares during the quarter. AmeriServ Financial makes up approximately 2.3% of M3F Inc.’s holdings, making the stock its 19th biggest holding. M3F Inc. owned about 7.11% of AmeriServ Financial worth $3,176,000 at the end of the most recent reporting period. Institutional investors own 40.36% of the company’s stock.
AmeriServ Financial Company Profile (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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