27-Jan-2025
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PRNewswire (Tue, 21-Jan 8:00 AM ET)
PRNewswire (Fri, 8-Nov 1:02 PM ET)
AmeriServ Financial Inc. Completes Merger of Subsidiary Trust Company
PRNewswire (Tue, 5-Nov 1:02 PM ET)
AmeriServ Financial Inc is a bank holding company. The company and its subsidiaries derive substantially all of their income from banking, bank-related services, and trust-related services. Its operating segment includes community banking; wealth management and investment/parent. The company generates maximum revenue from the community banking segment. The community banking segment includes both retail and commercial banking activities. Retail banking 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. Commercial banking to businesses includes commercial loans, business services, and CRE loans.
Ameriserv Financial trades on the NASDAQ stock market under the symbol ASRV.
As of January 27, 2025, ASRV stock price was flat at $2.71 with 3,332 million shares trading.
ASRV has a market cap of $44.77 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, ASRV traded as high as $4.52 and as low as $2.20.
The top ETF exchange traded funds that ASRV belongs to (by Net Assets): VTI, VXF, BSVO, DFAT, DFAS.
ASRV has underperformed the market in the last year with a price return of -10.4% while the SPY ETF gained +24.4%. ASRV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.1% and +1.9%, respectively, while the SPY returned +3.9% and +3.1%, respectively.
ASRV support price is $2.57 and resistance is $2.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ASRV shares will trade within this expected range on the day.