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ASRV

AmeriServ FinancialNasdaqGM:ASRV Stock Report

Market Cap

US$66.6m

7D

1.3%

1Y

46.6%

Updated

23 Sep, 2021

Data

Company Financials
ASRV fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

ASRV 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

NasdaqCM:CZNC

US$391.0m

First Bank

NasdaqGM:FRBA

US$260.6m

Parke Bancorp

NasdaqCM:PKBK

US$252.3m

Orrstown Financial Services

NasdaqCM:ORRF

US$250.7m

Price History & Performance

Summary of all time highs, changes and price drops for AmeriServ Financial
Historical stock prices
Current Share PriceUS$3.93
52 Week HighUS$2.65
52 Week LowUS$5.34
Beta0.94
1 Month Change0.77%
3 Month Change4.24%
1 Year Change46.64%
3 Year Change-8.61%
5 Year Change18.37%
Change since IPO-9.31%

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
7D1.3%2.5%-0.5%
1Y46.6%80.0%37.5%

Return vs Industry: ASRV underperformed the US Banks industry which returned 75.2% over the past year.

Return vs Market: ASRV exceeded the US Market which returned 36.2% over the past year.

Price Volatility

Is ASRV's price volatile compared to industry and market?
ASRV volatility
ASRV Beta0.94
Industry Beta1.37
Market Beta1

Stable Share Price: ASRV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ASRV's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1983299Jeff Stopkohttps://www.ameriserv.com

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$66.59m
Earnings (TTM)US$5.56m
Revenue (TTM)US$52.98m

12.1x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASRV income statement (TTM)
RevenueUS$52.98m
Cost of RevenueUS$0
Gross ProfitUS$52.98m
ExpensesUS$47.42m
EarningsUS$5.56m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.33
Gross Margin100.00%
Net Profit Margin10.49%
Debt/Equity Ratio63.5%

How did ASRV perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

31%

Payout Ratio

Valuation

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

12.07x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASRV ($3.93) is trading above our estimate of fair value ($3.61)

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 (12.1x) compared to the US Banks industry average (10.7x).

PE vs Market: ASRV is good value based on its PE Ratio (12.1x) compared to the US market (17.7x).


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 (0.6x) 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?

-0.9%

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?

10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASRV has high quality earnings.

Growing Profit Margin: ASRV's current net profit margins (10.5%) are lower than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: ASRV's earnings have grown by 10.1% per year over the past 5 years.

Accelerating Growth: ASRV's earnings growth over the past year (7.2%) is below its 5-year average (10.1% per year).

Earnings vs Industry: ASRV earnings growth over the past year (7.2%) underperformed the Banks industry 36%.


Return on Equity

High ROE: ASRV's Return on Equity (5%) 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 (12.2x) is moderate.

Allowance for Bad Loans: ASRV has a sufficient allowance for bad loans (317%).

Low Risk Liabilities: 94% 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 (72%).

Low Risk Deposits: ASRV's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: ASRV has an appropriate level of bad loans (0.4%).


Dividend

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

2.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASRV's dividend (2.54%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: ASRV's dividend (2.54%) is low compared to the top 25% of dividend payers in the US market (3.63%).


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 (30.7%), 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?

6.5yrs

Average management tenure


CEO

Jeff Stopko (58 yo)

6.5yrs

Tenure

US$579,289

Compensation

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 ($USD579.29K) is about average for companies of similar size in the US market ($USD551.14K).

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 (6.5 years average tenure).


Board Members

Experienced Board: ASRV's board of directors are seasoned and experienced ( 21.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: ASRV insiders have sold more shares than they have bought 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$66.593m
  • Shares outstanding: 17.08m
  • Website: https://www.ameriserv.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 22:56
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
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.