Key Points
- CEO purchase: Jeffrey Stopko bought 3,000 shares on May 5 at $3.85 each for $11,550, raising his stake to 169,379 shares (a 1.8% increase).
- Dividend: AmeriServ declared a $0.03 quarterly dividend (annualized $0.12) with a 3.2% yield; the record date was May 4 and payment is May 18.
- Stock metrics & sentiment: ASRV trades near $3.79 with a $64.3M market cap and P/E of 11.48, and Weiss Ratings recently upgraded the stock to a "buy" amid a MarketBeat consensus "Buy" rating.
AmeriServ Financial Inc. (NASDAQ:ASRV - Get Free Report) CEO Jeffrey Stopko acquired 3,000 shares of the business's stock in a transaction dated Tuesday, May 5th. The stock was purchased at an average price of $3.85 per share, for a total transaction of $11,550.00. Following the completion of the acquisition, the chief executive officer owned 169,379 shares in the company, valued at approximately $652,109.15. This trade represents a 1.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
AmeriServ Financial Stock Performance
AmeriServ Financial stock opened at $3.79 on Thursday. The stock's 50-day moving average is $3.77 and its 200-day moving average is $3.43. The company has a market cap of $64.28 million, a price-to-earnings ratio of 11.48 and a beta of 0.47. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.87 and a quick ratio of 0.87. AmeriServ Financial Inc. has a 12 month low of $2.40 and a 12 month high of $4.04.
AmeriServ Financial (NASDAQ:ASRV - Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.11 EPS for the quarter. The company had revenue of $14.80 million for the quarter. AmeriServ Financial had a return on equity of 4.78% and a net margin of 6.20%.
AmeriServ Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, May 18th. Investors 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 3.2%. The ex-dividend date is Monday, May 4th. AmeriServ Financial's dividend payout ratio (DPR) is presently 36.36%.
Institutional Investors Weigh In On AmeriServ Financial
Hedge funds have recently bought and sold shares of the business. Argyle Capital Management LLC acquired a new stake in AmeriServ Financial during the 3rd quarter valued at approximately $275,000. Empowered Funds LLC grew its stake in AmeriServ Financial by 4.5% during the 1st quarter. Empowered Funds LLC now owns 101,212 shares of the financial services provider's stock valued at $246,000 after purchasing an additional 4,396 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in AmeriServ Financial by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 142,798 shares of the financial services provider's stock valued at $456,000 after purchasing an additional 2,830 shares in the last quarter. Institutional investors and hedge funds own 31.52% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded AmeriServ Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 9th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, AmeriServ Financial has a consensus rating of "Buy".
View Our Latest Stock Analysis on AmeriServ Financial
AmeriServ Financial Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
