AmeriServ Financial (NASDAQ:ASRV) spotted trading -6.66% off 52-week high price. On the other end, the stock has been noted 5.48% away from the low price over the last 52-weeks. The stock changed 0.36% to recent value of $4.14. The stock transacted 5545 shares during most recent day however it has an average volume of 12.08K shares. The company has 17.25M of outstanding shares and 15.52M shares were floated in the market.
On Oct.18, 2019, AmeriServ Financial (NASDAQ:ASRV) disclosed that its Board of Directors declared a $0.025 per share quarterly common stock cash dividend. The cash dividend is payable November 18, 2019 to shareholders of record on November 4, 2019. This cash dividend represents a 2.41% annualized yield using the October 16, 2019 closing common stock price of $4.15 and represents an approximate payout ratio of 25% based upon the Company’s recently reported third quarter 2019 earnings per share of $0.10.
AmeriServ Financial is the parent of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown. The Company’s subsidiaries provide full-service banking and wealth management services through sixteen community offices in southwestern Pennsylvania and Hagerstown, Maryland. The Company also operates loan production offices in Altoona and Monroeville, Pennsylvania. At September 30, 2019, AmeriServ had total assets of $1.17 billion and a book value of $5.98 per common share.
This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, information regarding AmeriServ’s dividend program and future payment obligations. These forward-looking statements involve risks and uncertainties that could cause AmeriServ’s results to differ materially from management’s current expectations. Such risks and uncertainties are detailed in AmeriServ’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2018. Forward-looking statements are based on the beliefs and assumptions of AmeriServ’s management and on currently available information. The statements in this press release are made as of the date of this press release, even if subsequently made available by AmeriServ on its website or otherwise. AmeriServ undertakes no responsibility to publicly update or revise any forward-looking statement.
Its earnings per share (EPS) expected to touch remained 35.40% for this year. ASRV has an operating margin of 74.60% while its profit margin remained 16.10% for the last 12 months.
The price moved ahead of -0.23% from the mean of 20 days, -0.44% from mean of 50 days SMA and performed 0.04% from mean of 200 days price. Company’s performance for the week was -0.36%, 0.36% for month and YTD performance remained 2.61%.
Ricardo Gardner joined the newsdegree.com, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Ricardo is the Senior Editor for newsdegree.com and market movers section. He also holds an MBA from Penn State University He has two daughter and two children.
Height: 177 cm
Weight: 70 kg
Blood Type: AB-
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