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AmeriServ FinancialNasdaqGM:ASRV Stock Report

Market Cap







02 Dec, 2021


Company Financials
ASRV fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance4/6
Financial Health6/6

ASRV Stock Overview

AmeriServ Financial, Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products.

AmeriServ Financial Competitors

Citizens & Northern



First Bank



Orrstown Financial Services



Parke Bancorp



Price History & Performance

Summary of all time highs, changes and price drops for AmeriServ Financial
Historical stock prices
Current Share PriceUS$3.89
52 Week HighUS$5.34
52 Week LowUS$3.05
1 Month Change-2.99%
3 Month Change4.29%
1 Year Change16.82%
3 Year Change-4.89%
5 Year Change5.14%
Change since IPO-10.23%

Recent News & Updates

Jul 23
AmeriServ Financial (NASDAQ:ASRV) Has Re-Affirmed Its Dividend Of US$0.025

AmeriServ Financial (NASDAQ:ASRV) Has Re-Affirmed Its Dividend Of US$0.025

The board of AmeriServ Financial, Inc. ( NASDAQ:ASRV ) has announced that it will pay a dividend of US$0.025 per share...

Shareholder Returns

ASRVUS BanksUS Market

Return vs Industry: ASRV underperformed the US Banks industry which returned 36.7% over the past year.

Return vs Market: ASRV underperformed the US Market which returned 17.8% over the past year.

Price Volatility

Is ASRV's price volatile compared to industry and market?
ASRV volatility
ASRV Average Weekly Movement3.4%
Banks Industry Average Movement3.7%
Market Average Movement6.1%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: ASRV is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ASRV's weekly volatility (3%) has been stable over the past year.

About the Company

1983299Jeff Stopko

AmeriServ Financial, Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking services, such as demand, savings, and time deposits; checking and money market accounts; secured and unsecured consumer loans, and mortgage loans; and safe deposit boxes, holiday club accounts, and money orders. The company also provides lending, depository, and related financial services, such as 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.

AmeriServ Financial Fundamentals Summary

How do AmeriServ Financial's earnings and revenue compare to its market cap?
ASRV fundamental statistics
Market CapUS$64.91m
Earnings (TTM)US$5.91m
Revenue (TTM)US$53.85m


P/E Ratio


P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASRV income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$53.85m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date


Earnings per share (EPS)0.35
Gross Margin100.00%
Net Profit Margin10.98%
Debt/Equity Ratio63.2%

How did ASRV perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is AmeriServ Financial undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: ASRV ($3.89) is trading above our estimate of fair value ($3.82)

Significantly Below Fair Value: ASRV is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: ASRV is poor value based on its PE Ratio (11.2x) compared to the US Banks industry average (10.5x).

PE vs Market: ASRV is good value based on its PE Ratio (11.2x) compared to the US market (16.6x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ASRV's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: ASRV is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (1.1x).

Future Growth

How is AmeriServ Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as AmeriServ Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has AmeriServ Financial performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASRV has high quality earnings.

Growing Profit Margin: ASRV's current net profit margins (11%) are higher than last year (9.3%).

Past Earnings Growth Analysis

Earnings Trend: ASRV's earnings have grown by 8.6% per year over the past 5 years.

Accelerating Growth: ASRV's earnings growth over the past year (29.2%) exceeds its 5-year average (8.6% per year).

Earnings vs Industry: ASRV earnings growth over the past year (29.2%) underperformed the Banks industry 43%.

Return on Equity

High ROE: ASRV's Return on Equity (5.2%) is considered low.

Financial Health

How is AmeriServ Financial's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: ASRV's Assets to Equity ratio (11.8x) is moderate.

Allowance for Bad Loans: ASRV has a sufficient allowance for bad loans (390%).

Low Risk Liabilities: 93% of ASRV's liabilities are made up of primarily low risk sources of funding.

Loan Level: ASRV has an appropriate level of Loans to Assets ratio (73%).

Low Risk Deposits: ASRV's Loans to Deposits ratio (86%) is appropriate.

Level of Bad Loans: ASRV has an appropriate level of bad loans (0.3%).


What is AmeriServ Financial current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ASRV's dividend (2.57%) is higher than the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: ASRV's dividend (2.57%) is low compared to the top 25% of dividend payers in the US market (3.69%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ASRV has been paying a dividend for less than 10 years.

Growing Dividend: ASRV's dividend payments have increased, but the company has only paid a dividend for 9 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.9%), ASRV's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Jeff Stopko (58 yo)





Mr. Jeffrey A. Stopko, CPA, also known as Jeff, serves as Member of Community Depository Institutions Advisory Council at Federal Reserve Bank of Philadelphia since March 2021. He has been the Chief Execut...

CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD579.29K) is about average for companies of similar size in the US market ($USD563.50K).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: ASRV's management team is seasoned and experienced (6.8 years average tenure).

Board Members

Experienced Board: ASRV's board of directors are seasoned and experienced ( 21.9 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: ASRV insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

AmeriServ Financial, Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: AmeriServ Financial, Inc.
  • Ticker: ASRV
  • Exchange: NasdaqGM
  • Founded: 1983
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$64.910m
  • Shares outstanding: 17.08m
  • Website:

Number of Employees


  • AmeriServ Financial, Inc.
  • 216 Franklin Street
  • Johnstown
  • Pennsylvania
  • 15901
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 23:33
End of Day Share Price2021/12/02 00:00
Annual Earnings2020/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.