NasdaqGM:ASRV

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet and slightly overvalued.


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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ASRV's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-2.7%

ASRV

5.7%

US Banks

2.1%

US Market


1 Year Return

-25.7%

ASRV

-17.0%

US Banks

19.8%

US Market

Return vs Industry: ASRV underperformed the US Banks industry which returned -17% over the past year.

Return vs Market: ASRV underperformed the US Market which returned 19.7% over the past year.


Shareholder returns

ASRVIndustryMarket
7 Day-2.7%5.7%2.1%
30 Day10.8%23.3%8.1%
90 Day9.0%18.5%6.0%
1 Year-23.3%-25.7%-14.0%-17.0%22.5%19.8%
3 Year-22.9%-28.3%-3.3%-11.4%46.5%36.8%
5 Year2.6%-7.4%40.4%22.9%96.9%75.3%

Long-Term 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?

11.51x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASRV ($3.09) is trading above our estimate of fair value ($2.52)

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


Price To Earnings Ratio

PE vs Industry: ASRV's PE Ratio (11.5x) is in line with the US Banks industry average.

PE vs Market: ASRV is good value based on its PE Ratio (11.5x) compared to the US market (19.7x).


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 (0.5x) compared to the US Banks industry average (0.9x).


Next Steps

Future Growth

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

16.3%

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?

10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASRV has high quality earnings.

Growing Profit Margin: ASRV's current net profit margins (9.3%) are lower than last year (14.3%).


Past Earnings Growth Analysis

Earnings Trend: ASRV's earnings have grown by 10.8% per year over the past 5 years.

Accelerating Growth: ASRV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ASRV had negative earnings growth (-37.1%) over the past year, making it difficult to compare to the Banks industry average (-4.3%).


Return on Equity

High ROE: ASRV's Return on Equity (4.4%) is considered low.


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


Financial Institutions Analysis

Asset Level: ASRV's Assets to Equity ratio (12.2x) is moderate.

Allowance for Bad Loans: ASRV has a sufficient allowance for bad loans (597%).

Low Risk Liabilities: 90% 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 (74%).

Low Risk Deposits: ASRV's Loans to Deposits ratio (89%) is appropriate.

Level of Bad Loans: ASRV has an appropriate level of bad loans (0.2%).


Next Steps

Dividend

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

3.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASRV's dividend (3.24%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: ASRV's dividend (3.24%) is low compared to the top 25% of dividend payers in the US market (4.05%).


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 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.3%), 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

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

5.7yrs

Average management tenure


CEO

Jeff Stopko (57 yo)

5.67yrs

Tenure

US$605,223

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 ($USD605.22K) is about average for companies of similar size in the US market ($USD561.41K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Stopko
President5.67yrsUS$605.22k0.46%
$ 242.6k
Michael Lynch
Senior VP5.83yrsUS$425.44k0.048%
$ 25.5k
James Huerth
President & CEO of Ameriserv Trust and Financial Services Company4.75yrsUS$514.82k0.10%
$ 52.6k
Robert Werner
Senior VP & Chief Information Officerno datano datano data
Susan Angeletti
Senior VP and Director of Corporate Marketing & Alternative Delivery Systemsno datano datano data
Jack Babich
Chief Human Relations Officer & Senior VPno datano datano data
Gary McKeown
Executive VP & Special Assistant to the President of AmeriServ Financial Bank11.67yrsUS$273.01kno data
Michael Baylor
Chief Commercial Banking Officer & Executive VP5.67yrsUS$257.41kno data
Carolyn Concannon
Executive VP and Chief Risk & Chief Credit Officer5.67yrsno datano data
Bettina Fochler
SVP & Chief Credit Officer of AmeriServ Financial Bankno datano datano data
James Ziance
Senior VP & Chief Internal Auditorno datano datano data
Frank Adams
Senior VP & Chief Loan Review Officerno datano datano data

5.7yrs

Average Tenure

58yo

Average Age

Experienced Management: ASRV's management team is seasoned and experienced (5.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Stopko
President5.67yrsUS$605.22k0.46%
$ 242.6k
Mark Pasquerilla
Independent Director23.83yrsUS$61.11k2.78%
$ 1.5m
J. Adams
Independent Director20.83yrsUS$57.41k0.62%
$ 327.9k
Kim Kunkle
Independent Director36.83yrsUS$61.91k0.54%
$ 282.8k
Margaret O'Malley
Independent Director23.83yrsUS$60.11k1.92%
$ 1.0m
Sara Sargent
Independent Director24.83yrsUS$73.51k1.29%
$ 680.4k
Craig Ford
Independent Non-Executive Vice Chairman1.83yrsUS$100.11k0.49%
$ 256.3k
Allan Dennison
Independent Non-Executive Chairman1.83yrsUS$130.11k0.40%
$ 211.2k
Daniel Onorato
Independent Director0.50yrno data0.053%
$ 27.7k

20.8yrs

Average Tenure

63yo

Average Age

Experienced Board: ASRV's board of directors are seasoned and experienced ( 20.8 years average tenure).


Ownership

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 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$52.626m
  • Shares outstanding: 17.06m
  • Website: https://www.ameriserv.com

Number of Employees


Location

  • AmeriServ Financial, Inc.
  • Main & Franklin Streets
  • PO Box 430
  • Johnstown
  • Pennsylvania
  • 15907-0430
  • 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 Analysis2020/11/27 00:00
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.