AmeriServ Financial, Inc. to Issue Quarterly Dividend of $0.03 (NASDAQ:ASRV)

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AmeriServ Financial, Inc. (NASDAQ:ASRV) declared a quarterly dividend on Thursday, July 18th, Zacks reports. Stockholders of record on Monday, August 5th will be given a dividend of 0.025 per share by the financial services provider on Monday, August 19th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, August 2nd.

AmeriServ Financial has raised its dividend payment by an average of 23.3% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.

Shares of ASRV opened at $4.14 on Friday. The firm’s 50 day simple moving average is $4.13 and its 200 day simple moving average is $4.13. The company has a market capitalization of $71.97 million, a P/E ratio of 9.20 and a beta of 0.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.91 and a quick ratio of 0.90. AmeriServ Financial has a 1-year low of $3.92 and a 1-year high of $4.55.

AmeriServ Financial (NASDAQ:ASRV) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $0.10 earnings per share for the quarter. The business had revenue of $12.72 million for the quarter. AmeriServ Financial had a net margin of 12.51% and a return on equity of 8.01%.

Separately, ValuEngine downgraded shares of AmeriServ Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

About AmeriServ Financial

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, money orders, and traveler's checks.

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Dividend History for AmeriServ Financial (NASDAQ:ASRV)

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