Last $3.38 USD
Change Today +0.09 / 2.74%
Volume 1.6K
ASRV On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 5:20 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

ameriserv financial inc (ASRV) Snapshot

Open
$3.30
Previous Close
$3.29
Day High
$3.40
Day Low
$3.30
52 Week High
04/2/14 - $3.93
52 Week Low
12/12/13 - $2.99
Market Cap
63.5M
Average Volume 10 Days
8.7K
EPS TTM
$0.25
Shares Outstanding
18.8M
EX-Date
07/31/14
P/E TM
13.5x
Dividend
$0.04
Dividend Yield
1.18%
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 various consumer, mortgage, and commercial financial products. 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, through its non banking subsidiaries, 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, as well as engages in underwriting as reinsurer of credit life and disability insurance. It operates through a network of 17 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.

377 Employees
Last Reported Date: 02/28/14
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. Declares Quarterly Common Stock Cash Dividend, Payable on August 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 August 18, 2014 to shareholders of record on August 4, 2014. This cash dividend represents a 1.2% annualized yield using the July 16, 2014 closing common stock price of $3.42 and represents an approximate payout ratio of 20% based upon the Company's recently reported second quarter 2014 earnings per share of $0.05.

AmeriServ Financial, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

AmeriServ Financial, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income available to common shareholders of $927,000, or $0.05 per diluted common share. This compares to net income available to common shareholders of $1,018,000, or $0.05 per diluted common share, reported for the second quarter of 2013. Total interest income was $9,983,000 compared to $9,627,000 a year ago. Net interest income was $8,384,000 compared to $8,021,000 a year ago. Net interest income after provision for loan losses was $8,384,000 compared to $7,871,000 a year ago. Pretax income was $1,402,000 compared to $1,504,000 a year ago. Net income was $979,000 compared to $1,070,000 a year ago. Return on average assets was 0.37% compared to 0.43% a year ago. Return on average equity was 3.41% compared to 3.86% a year ago. For the six month period ended June 30, 2014, the Company reported net income available to common shareholders of $1,804,000, or $0.10 per diluted share. When compared to the first six months of 2013, net income available to common shareholders was $2,022,000 or $0.11 per diluted share, down by $218,000 or 10.8% while diluted earnings per share declined by a lesser amount of $0.01, or 9.1%, as total shares outstanding were lower in 2014 due to the success of the Company's common stock repurchase program which was completed in the second quarter of 2013. Total interest income was $20,078,000 compared to $19,329,000 a year ago. Net interest income was $16,909,000 compared to $16,063,000 a year ago. Net interest income after provision for loan losses was $16,909,000 compared to $16,163,000 a year ago. Pretax income was $2,721,000 compared to $2,990,000 a year ago. Net income was $1,909,000 compared to $2,126,000 a year ago. Return on average assets was 0.37% compared to 0.43% a year ago. Return on average equity was 3.35% compared to 3.86% a year ago. Book value was $5.05 per common share and tangible book value was $4.38 per common share at June 30, 2014.

AmeriServ Financial, Inc. Declares Quarterly Common Stock Cash Dividend Payable on May 19, 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 on May 19, 2014 to shareholders of record on May 5, 2014. This cash dividend represents a 1.1% annualized yield using the April 17, 2014 closing common stock price of $3.58 and represents an approximate payout ratio of 20% based upon the Company's recently reported first quarter 2014 earnings per share of $0.05.

 

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ASRV:US $3.38 USD +0.09

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Industry Analysis

ASRV

Industry Average

Valuation ASRV Industry Range
Price/Earnings 13.0x
Price/Sales 1.2x
Price/Book 0.7x
Price/Cash Flow 12.4x
TEV/Sales NM Not Meaningful
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