AmeriServ Financial (NASDAQ:ASRV) Stock Rating Upgraded by ValuEngine

AmeriServ Financial (NASDAQ:ASRV) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, ValuEngine reports.

Shares of ASRV opened at $4.15 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77. The firm has a market cap of $71.62 million, a PE ratio of 9.16 and a beta of 0.33. The company’s 50 day simple moving average is $4.16 and its 200-day simple moving average is $4.13. AmeriServ Financial has a 12-month low of $3.92 and a 12-month high of $4.46.

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

Several institutional investors and hedge funds have recently made changes to their positions in ASRV. Acadian Asset Management LLC grew its position in shares of AmeriServ Financial by 23.1% during 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 last quarter. BlackRock Inc. grew its position in AmeriServ Financial by 5.7% in the 2nd quarter. BlackRock Inc. now owns 233,340 shares of the financial services provider’s stock valued at $969,000 after buying an additional 12,480 shares during the last quarter. West Chester Capital Advisors Inc. grew its position in AmeriServ Financial by 0.6% in the 2nd quarter. West Chester Capital Advisors Inc. now owns 436,722 shares of the financial services provider’s stock valued at $1,812,000 after buying an additional 2,476 shares during the last quarter. Context BH Capital Management LP grew its position in AmeriServ Financial by 0.8% in the 2nd quarter. Context BH Capital Management LP now owns 652,707 shares of the financial services provider’s stock valued at $2,709,000 after buying an additional 5,200 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in AmeriServ Financial by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 701,773 shares of the financial services provider’s stock valued at $2,913,000 after buying an additional 3,995 shares during the last quarter. Institutional investors and hedge funds own 42.69% of the company’s stock.

About AmeriServ Financial

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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