The stock of AmeriServ Financial, Inc. (NASDAQ:ASRV) hit a new 52-week high and has $3.70 target or 3.00% above today’s $3.59 share price. The 8 months bullish chart indicates low risk for the $69.83 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $3.70 price target is reached, the company will be worth $2.09M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 21,373 shares traded hands or 132.37% up from the average. AmeriServ Financial, Inc. (NASDAQ:ASRV) has risen 17.55% since April 21, 2016 and is uptrending. It has outperformed by 12.22% the S&P500.
Analysts await AmeriServ Financial, Inc. (NASDAQ:ASRV) to report earnings on January, 17.
According to Zacks Investment Research, “Ameriserv Financial Inc., a financial holding company, is the parent of Ameriserv Financial and AmeriServ Trust & Financial Services in Johnstown, Standard Mortgage Corporation in Atlanta, AmeriServ Associates of State College, and AmeriServ Life Insurance Company in Arizona.”
Insitutional Activity: The institutional sentiment decreased to 0.62 in 2016 Q2. Its down 0.02, from 0.64 in 2016Q1. The ratio is negative, as 2 funds sold all AmeriServ Financial, Inc. shares owned while 9 reduced positions. 2 funds bought stakes while 5 increased positions. They now own 4.60 million shares or 0.28% less from 4.61 million shares in 2016Q1.
Blackrock Fund Advisors holds 57,873 shares or 0% of its portfolio. Federated Investors Pa holds 0% of its portfolio in AmeriServ Financial, Inc. (NASDAQ:ASRV) for 957 shares. S&T Fincl Bank Pa last reported 10,000 shares in the company. Morgan Stanley accumulated 0% or 4,303 shares. Hudock Grp Inc Lc has 1,000 shares for 0% of their US portfolio. Renaissance Techs Limited Co holds 0% or 343,800 shares in its portfolio. Philadelphia accumulated 0% or 16,000 shares. Blackrock Invest Mngmt Limited Company holds 0% of its portfolio in AmeriServ Financial, Inc. (NASDAQ:ASRV) for 3,222 shares. Towle And Communication has invested 0.13% of its portfolio in AmeriServ Financial, Inc. (NASDAQ:ASRV). Moreover, Goldman Sachs Group Inc Inc has 0% invested in AmeriServ Financial, Inc. (NASDAQ:ASRV) for 10,778 shares. Moreover, Bridgeway has 0.01% invested in AmeriServ Financial, Inc. (NASDAQ:ASRV) for 187,671 shares. Nationwide Fund accumulated 0% or 1,800 shares. Moreover, Pinnacle Holdg Limited Liability Corporation has 0% invested in AmeriServ Financial, Inc. (NASDAQ:ASRV) for 197,842 shares. Northern Trust Corp has 0% invested in the company for 30,526 shares. Blackrock Institutional Trust Na holds 152,585 shares or 0% of its portfolio.
Insider Transactions: Since July 15, 2016, the stock had 5 buys, and 0 selling transactions for $3,446 net activity. WISE ROBERT L also bought $689 worth of AmeriServ Financial, Inc. (NASDAQ:ASRV) on Monday, October 17.
More notable recent AmeriServ Financial, Inc. (NASDAQ:ASRV) news were published by: Prnewswire.com which released: “AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash Dividend” on October 24, 2016, also Prnewswire.com with their article: “AmeriServ Financial Inc. Appoints Senior Leadership Team” published on March 24, 2015, Prnewswire.com published: “AmeriServ Financial, Inc. Completes Private Placement Of $7.65 Million Of …” on January 04, 2016. More interesting news about AmeriServ Financial, Inc. (NASDAQ:ASRV) were released by: Prnewswire.com and their article: “AmeriServ Financial, Inc. Announces Leadership Change” published on December 11, 2014 as well as Nasdaq.com‘s news article titled: “AmeriServ Financial Inc. (ASRV) Ex-Dividend Date Scheduled for November 03, 2016” with publication date: November 02, 2016.
ASRV Company Profile
AmeriServ Financial, Inc., incorporated on May 3, 1982, is a bank holding firm of AmeriServ Financial Bank (the Bank). The Company’s principal activities consist of owning and operating its three subsidiary entities. The Company’s divisions include retail banking, commercial banking, trust and investment/parent. The Company’s Retail banking segment includes the deposit-gathering branch franchise and lending to both individuals and small businesses. Lending activities include residential mortgage loans, direct consumer loans, and small business commercial loans. The Company’s Commercial banking to businesses includes commercial loans and commercial real estate mortgage (CRE) loans. The trust segment contains its wealth management businesses, which include the Trust Company, WCCA, its registered investment advisory firm and financial services. Wealth management includes personal trust services and products, such as personal portfolio investment management, estate planning and administration, custodial services and pre-need trusts. It also includes institutional trust services and products, such as 401(k) plans, defined benefit and defined contribution employee benefit plans, and individual retirement accounts. Financial services include the sale of mutual funds, annuities, and insurance products.
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