AmeriServ Financial (NASDAQ:ASRV) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• AmeriServ Financial shares rose above their 200-day moving average, reaching $5.03 and last trading at $5.01 versus a 200-day average of $3.86.
• The company reported quarterly earnings of $0.16 per share on $15.90 million in revenue, with a 9.51% net margin and 7.21% return on equity.
• Weiss Ratings upgraded the stock to “buy (b),” while AmeriServ announced a quarterly dividend of $0.03 per share, representing a 2.4% yield and a 23.53% payout ratio.

AmeriServ Financial Inc. (NASDAQ:ASRV - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.86 and traded as high as $5.03. AmeriServ Financial shares last traded at $5.01, with a volume of 4,636 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded AmeriServ Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy".

AmeriServ Financial Price Performance

The company has a market cap of $84.97 million, a price-to-earnings ratio of 9.82 and a beta of 0.43. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.58. The company's 50 day moving average price is $4.09 and its 200 day moving average price is $3.86.

AmeriServ Financial (NASDAQ:ASRV - Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.16 earnings per share for the quarter. The business had revenue of $15.90 million for the quarter. AmeriServ Financial had a net margin of 9.51% and a return on equity of 7.21%.

AmeriServ Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.03 per share. The ex-dividend date is Monday, August 3rd. This represents a $0.12 annualized dividend and a yield of 2.4%. AmeriServ Financial's payout ratio is presently 23.53%.

Hedge Funds Weigh In On AmeriServ Financial

Large investors have recently modified their holdings of the business. Empowered Funds LLC lifted its holdings in shares of AmeriServ Financial by 4.5% in the 1st quarter. Empowered Funds LLC now owns 101,212 shares of the financial services provider's stock valued at $246,000 after buying an additional 4,396 shares during the period. Geode Capital Management LLC lifted its holdings in AmeriServ Financial by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 142,798 shares of the financial services provider's stock valued at $456,000 after acquiring an additional 2,830 shares during the period. Finally, BlackRock Inc. purchased a new stake in shares of AmeriServ Financial during the 2nd quarter worth $587,000. 31.52% of the stock is owned by hedge funds and other institutional investors.

About AmeriServ Financial

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.

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