AmeriServ Financial, Inc. (ASRV) Just Reaches 52-Week High?

June 20, 2017 - By Darrin Black

Investors sentiment increased to 1.56 in 2016 Q4. Its up 0.94, from 0.62 in 2016Q3. It improved, as 3 investors sold AmeriServ Financial, Inc. shares while 6 reduced holdings. 3 funds opened positions while 11 raised stakes. 4.46 million shares or 4.25% more from 4.28 million shares in 2016Q3 were reported.
Bridgeway Cap Management holds 187,671 shares or 0.01% of its portfolio. California Pub Employees Retirement System invested 0% in AmeriServ Financial, Inc. (NASDAQ:ASRV). Wells Fargo And Mn reported 0% stake. Manufacturers Life Insurance Com The invested in 0% or 1,409 shares. 2,987 are owned by Blackrock Inv Mgmt Ltd. Bank Of Mellon invested in 31,358 shares or 0% of the stock. Dimensional Fund Limited Partnership reported 1.59 million shares. West Chester Advsrs Incorporated reported 1.91% of its portfolio in AmeriServ Financial, Inc. (NASDAQ:ASRV). Nationwide Fund Advsrs accumulated 1,800 shares. Pinnacle Hldgs Limited Co stated it has 0% in AmeriServ Financial, Inc. (NASDAQ:ASRV). 100,000 were accumulated by Lesa Sroufe Co. 772 were reported by Jpmorgan Chase & Company. Blackrock Institutional Tru Com Na invested 0% of its portfolio in AmeriServ Financial, Inc. (NASDAQ:ASRV). Alpine Woods Investors Ltd Com reported 51,000 shares or 0.01% of all its holdings. Spark Investment Management Limited Liability Co accumulated 13,500 shares.

Since January 17, 2017, it had 4 buys, and 2 selling transactions for $14,846 activity. WISE ROBERT L had bought 180 shares worth $689. On Tuesday, May 23 SLATER THOMAS C sold $887 worth of AmeriServ Financial, Inc. (NASDAQ:ASRV) or 225 shares.

The stock of AmeriServ Financial, Inc. (NASDAQ:ASRV) hit a new 52-week high and has $4.44 target or 7.00 % above today’s $4.15 share price. The 5 months bullish chart indicates low risk for the $78.42 million company. The 1-year high was reported on Jun, 20 by Barchart.com. If the $4.44 price target is reached, the company will be worth $5.49 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

It is 0.00% or $0 reaching $4.15 per share. It is down 32.45% since June 20, 2016 and is uptrending. It has outperformed by 15.75% the S&P500.

Wall Street await AmeriServ Financial, Inc. (NASDAQ:ASRV) to release earnings on July, 18.

More recent AmeriServ Financial, Inc. (NASDAQ:ASRV) news were published by: Seekingalpha.com which released: “AmeriServ: An Undervalued Micro-Cap Bank” on February 19, 2014. Also Prnewswire.com published the news titled: “AmeriServ Financial Inc. Appoints Senior Leadership Team” on March 24, 2015. Prnewswire.com‘s news article titled: “AmeriServ Financial, Inc. Completes Private Placement Of $7.65 Million Of …” with publication date: January 04, 2016 was also an interesting one.

AmeriServ Financial, Inc. is a bank holding firm of AmeriServ Financial Bank . The company has market cap of $78.42 million. The Company’s principal activities consist of owning and operating its three subsidiary entities. It has a 15.97 P/E ratio. The Company’s divisions include retail banking, commercial banking, trust and investment/parent.

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