Notable Insider Trading: AmeriServ Financial Inc. $ASRV

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AmeriServ Financial Inc. (ASRV) insider have most recently took part in a trading activity. On Sep 15, 2017 Wise Robert L, Director bought 174 shares having total worth of $693 at the price of $3.98 per share, following the transaction a total of 137,979 shares owned by Wise Robert L. Before this latest buy, Wise Robert L purchased ASRV at 13 other times during the past twelve months, for a total investment of $8,978 at an average of $3.81 per share.

The stock has experienced a total of 6 insider trades in the past three months. These trades include 2 sell activities and 4 buy trades. Furthermore, over the past 12 months , the stock was traded 20 times by insiders. In 4 of these trades, the insider was a seller while an employee of the company was the buyer in 16 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 4 2 -2.5%
12 Month 16 4 30%

Shares of AmeriServ Financial Inc. (ASRV) traded down 1.27% on Sep 20, 2017, hitting $3.9. 1,842 shares of the company’s stock traded hands. AmeriServ Financial Inc. has a 52 week low of $2.95 and a 52 week high of $4.2. The company’s market cap is $63 million.

AmeriServ Financial Inc. (ASRV) last announced its earnings results on Jul 18, 2017. The company reported 0.07 earnings per share (EPS) for the quarter. The company had revenue of $13 million for the quarter During the same quarter in the previous year, the company posted 0.07 earnings per share. The company’s revenue for the quarter was up 3% on a year-over-year basis.

2017-07-18 2017-04-18 2017-01-24 2016-10-18 2016-07-19 2016-04-19 2016-01-19 2015-10-20 2015-07-14 2015-04-14
earnings per share 0.07 0.07 0.06 0.06 0.07 -0.07 0.07 0.09 0.07 0.07
Revenue(M) 12.65 12.28 12.38 12.17 12.23 12 12.44 13.05 12.49 12.65

AmeriServ Financial, Inc. is a bank holding company organized under the Pennsylvania Business Corporation Law. The Company became a holding company of AmeriServ Financial Bank. The Company’s other wholly owned subsidiaries include AmeriServ Trust and Financial Services Company and AmeriServ Life Insurance Company. Through 18 locations in Allegheny, Cambria, Centre, Somerset, and Westmoreland Counties, Pennsylvania, AmeriServ Financial Bank conducts a general banking business. It is a full-service Bank offering (i) retail banking services, such as demand, savings and time deposits, money market accounts, secured and unsecured loans, mortgage loans, safe deposit boxes, holiday club accounts, money orders, and traveler’s checks; (ii) lending, depository and related financial services to commercial, industrial, financial, and governmental customers, such as 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. The Bank also operates 20 automated bank teller machines (ATMs) through its 24-Hour Banking Network that is linked with NYCE, a regional ATM network and CIRRUS, a national ATM network. The subsidiaries face competition from other commercial banks, savings banks, credit unions, savings and loan associations, and several other financial or investment service institutions for business in the communities they serve. The Bank is subject to supervision and regular examination by the Federal Reserve Bank of Philadelphia and the Pennsylvania Department of Banking.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.