AmeriServ Financial (NASDAQ:ASRV) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

Key Points

• AmeriServ Financial shares moved above their 50-day moving average, reaching $4.88 before last trading at $4.65 on volume of 8,766 shares. The stock’s 50-day and 200-day moving averages were $4.68 and $4.10, respectively.
• Analysts maintained a positive view, with Weiss Ratings reiterating a “buy” rating and MarketBeat reporting an average rating of “Buy.” The company recently posted quarterly earnings of $0.16 per share on $15.90 million in revenue.
• AmeriServ paid a quarterly dividend of $0.03 per share, equivalent to an annualized $0.12 dividend and a 2.6% yield. BlackRock also acquired 151,262 shares, while institutional investors collectively owned 31.52% of the company.

AmeriServ Financial Inc. (NASDAQ:ASRV - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.68 and traded as high as $4.88. AmeriServ Financial shares last traded at $4.65, with a volume of 8,766 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "buy (b)" rating on shares of AmeriServ Financial in a research note on Monday, August 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, AmeriServ Financial currently has an average rating of "Buy".

AmeriServ Financial Price Performance

The company has a market capitalization of $78.96 million, a P/E ratio of 9.12 and a beta of 0.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.83 and a quick ratio of 0.83. The firm's 50-day moving average is $4.68 and its 200-day moving average is $4.10.

AmeriServ Financial (NASDAQ:ASRV - Get Free Report) last released its quarterly 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 7.13%.

AmeriServ Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, August 3rd. AmeriServ Financial's dividend payout ratio (DPR) is currently 23.53%.

Hedge Funds Weigh In On AmeriServ Financial

An institutional investor recently bought a new position in AmeriServ Financial stock. BlackRock Inc. purchased a new stake in shares of AmeriServ Financial Inc. (NASDAQ:ASRV - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 151,262 shares of the financial services provider's stock, valued at approximately $587,000. BlackRock Inc. owned 0.89% of AmeriServ Financial as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 31.52% of the company's stock.

AmeriServ Financial Company Profile

AmeriServ Financial, Inc NASDAQ: ASRV is a bank holding company headquartered in Johnstown, Pennsylvania. Through its principal subsidiary, AmeriServ Financial Bank, the company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.

AmeriServ Financial Bank offers consumer and commercial deposit accounts, residential and commercial real estate loans, business lending, personal loans, mortgage services and other traditional banking products.

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