Ameriserv Financial Inc (NASDAQ:ASRV) Reports Decline in Sellers; Strong Momentum for Longs

November 10, 2018 - By Darrin Black

Investors sentiment decreased to 0.9 in Q2 2018. Its down 0.32, from 1.22 in 2018Q1. It worsened, as 4 investors sold AmeriServ Financial, Inc. shares while 6 reduced holdings. 2 funds opened positions while 7 raised stakes. 5.07 million shares or 1.98% less from 5.17 million shares in 2018Q1 were reported.
Schulhoff Communications reported 18,000 shares stake. California Pub Employees Retirement System holds 0% or 35,833 shares. Dimensional Fund Advsr Ltd Partnership owns 0% invested in AmeriServ Financial, Inc. (NASDAQ:ASRV) for 1.52 million shares. Acadian Asset Mngmt Lc invested in 24,849 shares. Royal Savings Bank Of Canada has 0% invested in AmeriServ Financial, Inc. (NASDAQ:ASRV) for 121,497 shares. State Bank Of Ny Mellon Corporation reported 0% of its portfolio in AmeriServ Financial, Inc. (NASDAQ:ASRV). Vanguard has invested 0% of its portfolio in AmeriServ Financial, Inc. (NASDAQ:ASRV). Pnc Financial Service Group has 0% invested in AmeriServ Financial, Inc. (NASDAQ:ASRV). Wells Fargo & Mn accumulated 475 shares or 0% of the stock. Cwm Ltd Llc invested in 0% or 78 shares. Deutsche Bancorporation Ag reported 41,268 shares. Commercial Bank Of America De holds 0% of its portfolio in AmeriServ Financial, Inc. (NASDAQ:ASRV) for 2,532 shares. Minerva Advisors Limited Com has 128,000 shares. Moreover, Renaissance Techs Ltd Llc has 0% invested in AmeriServ Financial, Inc. (NASDAQ:ASRV). Geode Cap Ltd Limited Liability Company holds 0% or 14,728 shares in its portfolio.

Since May 15, 2018, it had 6 insider purchases, and 0 sales for $16,118 activity. $4,450 worth of stock was bought by FORD CRAIG G on Monday, August 6. STOPKO JEFFREY A had bought 2,000 shares worth $8,900 on Thursday, September 6.

The stock of Ameriserv Financial Inc (NASDAQ:ASRV) registered a decrease of 10.94% in short interest. ASRV’s total short interest was 124,600 shares in November as published by FINRA. Its down 10.94% from 139,900 shares, reported previously. With 30,500 shares average volume, it will take short sellers 4 days to cover their ASRV’s short positions. The short interest to Ameriserv Financial Inc’s float is 0.78%.

The stock decreased 1.62% or $0.07 during the last trading session, reaching $4.26. About 10,652 shares traded. AmeriServ Financial, Inc. (NASDAQ:ASRV) has risen 12.50% since November 10, 2017 and is uptrending. It has underperformed by 3.12% the S&P500.

AmeriServ Financial, Inc. operates as a bank holding firm for the AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. The company has market cap of $75.69 million. 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; safe deposit boxes, holiday club accounts, money orders, and travelerÂ’s checks. It has a 15.96 P/E ratio. The firm 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.

Another recent and important AmeriServ Financial, Inc. (NASDAQ:ASRV) news was published by which published an article titled: “AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash Dividend” on October 22, 2018.

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