Gendell Jeffrey L grew its stake in shares of AmeriServ Financial, Inc. (NASDAQ:ASRV) by 15.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 354,482 shares of the financial services provider’s stock after buying an additional 47,464 shares during the period. Gendell Jeffrey L’s holdings in AmeriServ Financial were worth $1,471,000 as of its most recent filing with the SEC.
Separately, Oppenheimer & Close LLC raised its position in shares of AmeriServ Financial by 73.8% during the third quarter. Oppenheimer & Close LLC now owns 110,040 shares of the financial services provider’s stock valued at $440,000 after buying an additional 46,728 shares during the last quarter. Institutional investors and hedge funds own 39.05% of the company’s stock.
AmeriServ Financial, Inc. (NASDAQ:ASRV) opened at $4.17 on Monday. The company has a market cap of $75.59, a PE ratio of 13.45 and a beta of 0.19. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.66. AmeriServ Financial, Inc. has a 52-week low of $3.65 and a 52-week high of $4.40.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, February 5th will be given a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, February 2nd. AmeriServ Financial’s dividend payout ratio (DPR) is presently 35.30%.
AmeriServ Financial Profile
AmeriServ Financial, Inc is a bank holding company of AmeriServ Financial Bank (the Bank). The Company’s principal activities consist of owning and operating its three subsidiary entities. The Company’s segments include retail banking, commercial banking, trust and investment/parent. Its Retail banking segment includes the deposit-gathering branch franchise and lending to both individuals and small businesses.
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