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

Key Points

• AmeriServ Financial shares crossed above their 200-day moving average, trading as high as $5.06 and last changing hands at $5.02, compared with a 200-day average of $3.93.
• The stock carries a consensus “Buy” rating, with Weiss Ratings reaffirming its “buy (b)” recommendation; the company recently reported quarterly earnings of $0.16 per share on $15.9 million in revenue.
• AmeriServ declared a quarterly dividend of $0.03 per share, equating to an annualized dividend of $0.12 and a 2.4% yield; institutional investors own 31.52% of the company.

Shares of AmeriServ Financial Inc. (NASDAQ:ASRV - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.93 and traded as high as $5.06. AmeriServ Financial shares last traded at $5.02, with a volume of 7,057 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of AmeriServ Financial in a research report on Monday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, AmeriServ Financial presently has a consensus rating of "Buy".

AmeriServ Financial Stock Up 0.4%

The firm has a 50-day simple moving average of $4.25 and a 200 day simple moving average of $3.93. The company has a market capitalization of $85.24 million, a PE ratio of 9.84 and a beta of 0.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.83 and a quick ratio of 0.85.

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. AmeriServ Financial had a return on equity of 7.13% and a net margin of 9.51%.The company had revenue of $15.90 million during the quarter.

AmeriServ Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $0.12 annualized dividend and a yield of 2.4%. AmeriServ Financial's payout ratio is 23.53%.

Institutional Trading of AmeriServ Financial

Several large investors have recently bought and sold shares of the company. Empowered Funds LLC raised its stake in shares of AmeriServ Financial by 4.5% during the first 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 during the period. Geode Capital Management LLC lifted its position in shares of AmeriServ Financial by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 142,798 shares of the financial services provider's stock worth $456,000 after purchasing an additional 2,830 shares in the last quarter. Finally, BlackRock Inc. purchased a new position in shares of AmeriServ Financial in the second quarter valued at $587,000. Institutional investors and hedge funds own 31.52% of the company's stock.

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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