NasdaqGM:ASRV

Stock Analysis Report

Executive Summary

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

Rewards

PE ratio (10.1x) is below the US market (18.7x)

Earnings grew by 50.4% over the past year

Risk Analysis

Unstable dividend track record

Does not have a meaningful market cap ($72M)



Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has AmeriServ Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ASRV has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.4%

ASRV

3.4%

US Banks

1.3%

US Market


1 Year Return

1.7%

ASRV

26.8%

US Banks

19.4%

US Market

Return vs Industry: ASRV underperformed the US Banks industry which returned 26.8% over the past year.

Return vs Market: ASRV underperformed the US Market which returned 19.4% over the past year.


Shareholder returns

ASRVIndustryMarket
7 Day0.4%3.4%1.3%
30 Day0.7%3.8%2.6%
90 Day0.5%10.7%5.0%
1 Year4.1%1.7%30.6%26.8%22.0%19.4%
3 Year18.3%11.9%33.9%24.5%46.8%37.3%
5 Year45.3%33.7%76.7%57.0%66.3%48.0%

Price Volatility Vs. Market

How volatile is AmeriServ Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

10.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASRV ($4.2) is trading above our estimate of fair value ($2.79)

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


Price To Earnings Ratio

PE vs Industry: ASRV is good value based on its PE Ratio (10.1x) compared to the Banks industry average (12.9x).

PE vs Market: ASRV is good value based on its PE Ratio (10.1x) compared to the US market (18.7x).


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 (0.7x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

0.5%

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.


Next Steps

Past Performance

How has AmeriServ Financial performed over the past 5 years?

16.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASRV has high quality earnings.

Growing Profit Margin: ASRV's current net profit margins (14.3%) are higher than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: ASRV's earnings have grown by 16.3% per year over the past 5 years.

Accelerating Growth: ASRV's earnings growth over the past year (50.4%) exceeds its 5-year average (16.3% per year).

Earnings vs Industry: ASRV earnings growth over the past year (50.4%) exceeded the Banks industry 27.1%.


Return on Equity

High ROE: ASRV's Return on Equity (7.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

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

Inventory Level: ASRV has a low level of unsold assets or inventory.

Debt Coverage by Assets: ASRV's debt is not covered by short term assets (assets are 0.5x debt).


Financial Institutions Analysis

Asset Level: ASRV's level of assets compared to its equity is moderate.

Allowance for Bad Loans: ASRV has a sufficient allowance for bad loans.

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

Loan Level: ASRV has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ASRV's loans are broadly funded by customer deposits.

Level of Bad Loans: ASRV has an appropriate level of bad loans (0.12%)


Next Steps

Dividend

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

2.38%

Current Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: ASRV's dividend (2.38%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: ASRV's dividend (2.38%) is low compared to the top 25% of dividend payers in the US market (3.68%).


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 7 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.6%), 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

Management

What is the CEO of AmeriServ Financial's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Jeff Stopko (56yo)

4.8yrs

Tenure

US$536,824

Compensation

Mr. Jeffrey A. Stopko, CPA, also known as Jeff, has been the Chief Executive Officer and President of AmeriServ Financial, Inc. since March 24, 2015. Mr. Stopko has been the President and Chief Executive O ...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD536.82K) is about average for companies of similar size in the US market ($USD526.35K).

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


Management Age and Tenure

4.8yrs

Average Tenure

57yo

Average Age

Experienced Management: ASRV's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

22.9yrs

Average Tenure

64yo

Average Age

Experienced Board: ASRV's board of directors are seasoned and experienced ( 22.9 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$69219 Nov 19
Robert Wise
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares166.05
Max PriceUS$4.17
BuyUS$1,38321 Oct 19
Robert Wise
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares332.09
Max PriceUS$4.18
BuyUS$69219 Aug 19
Robert Wise
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares167.09
Max PriceUS$4.14
BuyUS$69219 Jul 19
Robert Wise
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares167.86
Max PriceUS$4.12
BuyUS$69224 Jun 19
Robert Wise
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares166.26
Max PriceUS$4.16
BuyUS$69223 May 19
Robert Wise
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares164.9
Max PriceUS$4.20
BuyUS$8,16025 Apr 19
Jeffrey Stopko
EntityIndividual
Role
Chief Executive Officer
President
Shares2,000
Max PriceUS$4.08
BuyUS$69119 Apr 19
Robert Wise
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares170.11
Max PriceUS$4.06
BuyUS$69225 Mar 19
Robert Wise
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares167.05
Max PriceUS$4.14
BuyUS$69222 Feb 19
Robert Wise
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares164.7
Max PriceUS$4.20
BuyUS$69222 Jan 19
Robert Wise
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares168.67
Max PriceUS$4.10
BuyUS$2614 Jan 19
James Huerth
EntityIndividual
Role
Unit CEO
President & CEO of Ameriserv Trust and Financial Services Company
Shares6.35
Max PriceUS$4.03
BuyUS$53314 Jan 19
Allan Dennison
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares132.28
Max PriceUS$4.03
BuyUS$69227 Dec 18
Robert Wise
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares168.05
Max PriceUS$4.12

Ownership Breakdown

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


Management Team

  • Gary McKeown (74yo)

    Executive VP & Special Assistant to the President of AmeriServ Financial Bank

    • Tenure: 10.8yrs
    • Compensation: US$273.01k
  • Jeff Stopko (56yo)

    President

    • Tenure: 4.8yrs
    • Compensation: US$536.82k
  • Jim Huerth (57yo)

    President & CEO of Ameriserv Trust and Financial Services Company

    • Tenure: 3.8yrs
    • Compensation: US$466.70k
  • Mike Baylor (56yo)

    Chief Commercial Banking Officer & Executive VP

    • Tenure: 4.8yrs
    • Compensation: US$257.41k
  • Susan Angeletti

    Senior VP and Director of Corporate Marketing & Alternative Delivery Systems

    • Tenure: 0yrs
  • Michael Lynch (58yo)

    Senior VP

    • Tenure: 4.9yrs
    • Compensation: US$355.68k
  • Carolyn Concannon

    Executive VP and Chief Risk & Chief Credit Officer

    • Tenure: 4.8yrs
  • Jack Babich

    Chief Human Relations Officer & Senior VP

    • Tenure: 0yrs
  • Bettina Fochler

    SVP & Chief Credit Officer of AmeriServ Financial Bank

    • Tenure: 0yrs
  • Robert Werner

    Senior VP & Chief Information Officer

    • Tenure: 0yrs

Board Members

  • Robert Wise (75yo)

    Independent Director

    • Tenure: 33.9yrs
    • Compensation: US$48.32k
  • Mark Pasquerilla (60yo)

    Independent Director

    • Tenure: 22.9yrs
    • Compensation: US$48.17k
  • J. Adams (57yo)

    Independent Director

    • Tenure: 19.9yrs
    • Compensation: US$51.52k
  • Kim Kunkle (64yo)

    Independent Director

    • Tenure: 35.9yrs
    • Compensation: US$51.07k
  • Margaret O'Malley (59yo)

    Independent Director

    • Tenure: 22.9yrs
    • Compensation: US$51.07k
  • Sara Sargent (71yo)

    Independent Director

    • Tenure: 23.9yrs
    • Compensation: US$57.07k
  • Craig Ford (89yo)

    Non-Executive Vice Chairman

    • Tenure: 0yrs
    • Compensation: US$109.07k
  • Jeff Stopko (56yo)

    President

    • Tenure: 4.8yrs
    • Compensation: US$536.82k
  • Allan Dennison (72yo)

    Non-Executive Chairman

    • Tenure: 0yrs
    • Compensation: US$73.07k

Company Information

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


Key Information

  • Name: AmeriServ Financial, Inc.
  • Ticker: ASRV
  • Exchange: NasdaqGM
  • Founded:
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$71.938m
  • Shares outstanding: 17.14m
  • Website: https://www.ameriserv.com

Number of Employees


Location

  • AmeriServ Financial, Inc.
  • Main & Franklin Streets
  • PO Box 430
  • Johnstown
  • Pennsylvania
  • 15907
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASRVNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDNov 1984

Biography

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, s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/12 23:32
End of Day Share Price2019/12/12 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.