Last $3.65 USD
Change Today +0.07 / 1.96%
Volume 487.0
ASRV On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 11:51 AM 04/21/14 All times are local (Market data is delayed by at least 15 minutes).

ameriserv financial inc (ASRV) Snapshot

Open
$3.60
Previous Close
$3.58
Day High
$3.65
Day Low
$3.60
52 Week High
04/2/14 - $3.93
52 Week Low
06/28/13 - $2.74
Market Cap
68.6M
Average Volume 10 Days
24.2K
EPS TTM
$0.25
Shares Outstanding
18.8M
EX-Date
05/1/14
P/E TM
14.6x
Dividend
$0.04
Dividend Yield
1.10%
Current Stock Chart for AMERISERV FINANCIAL INC (ASRV)

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ameriserv financial inc (ASRV) Details

AmeriServ Financial, Inc. operates as the bank holding company for AmeriServ Financial Bank that provides a range of consumer, mortgage, and commercial financial products and services. The company offers retail banking services, such as demand deposits, savings and time deposits, checking accounts, money market accounts, secured and unsecured consumer loans, mortgage loans, safe deposit boxes, holiday club accounts, money orders, and traveler’s checks. It also offers lending, depository and related financial services consisting commercial real estate-mortgage loans, short and medium-term loans, revolving credit arrangements, lines of credit, inventory and accounts receivable financing, real estate construction loans, business savings accounts, certificates of deposit, wire transfers, night depository, and lock box services to commercial, industrial, financial, and governmental customers. In addition, the company provides personal trust products and services, including personal portfolio investment management, estate planning and administration, custodial services, and pre-need trusts; institutional trust products and services, including 401(k) plans, defined benefit and defined contribution employee benefit plans, and individual retirement accounts; financial services consisting of the sale of mutual funds, annuities, and insurance products; and union collective investment funds to invest union pension dollars in construction projects that utilize union labor. Further, it is involved in underwriting as reinsurer of credit life and disability insurance. The company provides its services through a network of 18 banking locations in Allegheny, Cambria, Centre, Somerset, and Westmoreland Counties, Pennsylvania; and operates 20 automated bank teller machines. AmeriServ Financial, Inc. was founded in 1982 and is headquartered in Johnstown, Pennsylvania.

347 Employees
Last Reported Date: 04/15/14
Founded in 1982

ameriserv financial inc (ASRV) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $368.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $195.3K
Chief Executive Officer of AmeriServ Trust & ...
Total Annual Compensation: $238.1K
Regional President of Ameriserv Financial Ban...
Total Annual Compensation: $180.3K
Chief Commercial Banking Officer of Ameriserv...
Total Annual Compensation: $190.6K
Compensation as of Fiscal Year 2013.

ameriserv financial inc (ASRV) Key Developments

AmeriServ Financial, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014

AmeriServ Financial, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company net income was $930,000 against $1,056,000 for the same period in the last year. Net income available to common shareholders was $877,000 or $0.05 per diluted share against $1,004,000 of $0.05 per diluted share. Total Interest Income was $10,095,000. Net interest income was $8,525,000. Pretax income was $1,319,000. Net income available to common shareholders in the first quarter of 2014 declined by $127,000, or 12.6%, from the prior year first quarter due primarily to reduced non-interest revenue and no earnings benefit from a negative loan loss provision as was the case in 2013. Book value of $4.97 per common share and a tangible book value of $4.31 per common share at March 31, 2014. The company has increased its tangible book value per share by 6.2% over the past twelve months.

AmeriServ Financial, Inc. Declares Quarterly Common Stock Cash Dividend, Payable on February 18, 2014

AmeriServ Financial, Inc. announced that its board of directors declared a $0.01 per share quarterly common stock cash dividend. The cash dividend is payable February 18, 2014 to shareholders of record on February 3, 2014.

Ameriserv Financial, Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

AmeriServ Financial, Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2013. The company reported fourth quarter 2013 net income available to common shareholders of $1,789,000 or $0.09 per diluted common share. This represented a 125% increase in earnings per share from the fourth quarter of 2012 where net income available to common shareholders totaled $683,000 or $0.04 per diluted common share. The company's net interest income in the fourth quarter of 2013 was increased by $516,000 or 6.4% from the prior year's fourth quarter. Return on average assets was 0.70% against 0.29% a year ago. Return on average equity was 6.57% against 2.60% a year ago. Pre-tax income was $2,719,000 against $1,046,000 a year ago. For the year ended December 31, 2013, the company reported net income available to common shareholders of $4,984,000 or $0.26 per diluted common share. This represented a 23.8% increase in earnings per share from the full year 2012 where net income available to common shareholders totaled $4,211,000 or $0.21 per diluted common share. The company's net interest income for the full year 2013 increased by $658,000 or 2.0% when compared to the full year 2012. Return on average assets was 0.51% against 0.29% a year ago. Return on average equity was 4.69% against 4.51% a year ago. Tangible book value was $4.24 against $4.01 a year ago. Pre-tax income was $7,482,000 against $7,280,000 a year ago.

 

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Industry Analysis

ASRV

Industry Average

Valuation ASRV Industry Range
Price/Earnings 14.0x
Price/Sales 1.4x
Price/Book 0.6x
Price/Cash Flow 13.3x
TEV/Sales -- Not Meaningful
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