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Ameriserv Financial Inc - ASRV STOCK NEWS

Welcome to our dedicated news page for Ameriserv Financial (Ticker: ASRV), a resource for investors and traders seeking the latest updates and insights on Ameriserv Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ameriserv Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ameriserv Financial's position in the market.

News
AmeriServ Financial Reaches Cooperation Agreement with Significant Shareholder SB Value Partners, L.P.
Rhea-AI Summary
AmeriServ Financial, Inc. (NASDAQ: ASRV) has reached a Cooperation Agreement with significant shareholder SB Value Partners, L.P. Under this agreement, both parties will collaborate on financial performance, business development, and value enhancement initiatives. SB Value Partners, L.P. owns around 7.7% of AmeriServ's outstanding common stock. The Company aims to enhance shareholder value through strategic discussions and input from the Board.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.47%
Tags
none
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News
AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND
Rhea-AI Summary
AmeriServ Financial, Inc. (ASRV) declared a $0.03 per share quarterly common stock cash dividend with a 4.67% annualized yield. The dividend is payable on May 20, 2024, to shareholders of record on May 6, 2024. The Company's dividend payout ratio for Q1 2024 was 27.3%. AmeriServ operates banking and wealth management services in Pennsylvania and Maryland, with total assets of $1.385 billion as of March 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.86%
Tags
dividends
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News
AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FIRST QUARTER OF 2024
Rhea-AI Summary
AmeriServ Financial, Inc. (ASRV) reported a 25.7% increase in net income for the first quarter of 2024 compared to the same period in 2023. The company's diluted earnings per share also rose by 22.2%. The financial results were driven by a decrease in non-interest expenses, higher non-interest income, and increased investment security revenue. Despite a decline in net interest income and margin, the company's diversified revenue streams and strong wealth management business performance contributed to a positive outcome. Total non-interest income represented 36% of total revenue, and the company saw improvements in total loans, interest income, and wealth management fees. However, net interest margin compression and challenges in non-interest income led to a decrease in total non-interest income. The company's total assets reached $1.385 billion, with strong capital ratios exceeding regulatory requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.65%
Tags
earnings
News
AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FULL YEAR OF 2023 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND
Rhea-AI Summary
AmeriServ Financial, Inc. (ASRV) reported a net loss for the fourth quarter of 2023, with a significant decrease in net interest income and non-interest income. The company attributes the loss to increased provision for credit losses related to commercial real estate loans and an investment portfolio repositioning strategy. Despite this, the company saw growth in total loans and wealth management revenues, positioning them for earnings growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.95%
Tags
dividends earnings
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News
West Chester Capital Advisors Expands Capabilities with New Staff Appointments
Rhea-AI Summary
West Chester Capital Advisors, Inc. (WCCA) announces staff promotions. Frank J. Lapinsky appointed President and CEO. Ronald M. Shostek promoted to VP and CIO. Eric S. Ludy promoted to VP and Portfolio Manager.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.57%
Tags
none
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News
AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND
Rhea-AI Summary
AmeriServ Financial announces quarterly common stock cash dividend
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.96%
Tags
dividends
News
AMERISERV FINANCIAL REPORTS EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2023
Rhea-AI Summary
AmeriServ Financial reports a decrease in net income for Q3 2023 compared to Q3 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
earnings
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News
AmeriServ Trust & Financial Services Company Announces Staff Promotions
Rhea-AI Summary
AmeriServ Trust and Financial Services Company promotes David Finui to president and CEO and Justin Maser to vice president, director of specialty real estate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.09%
Tags
none
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News
AMERISERV WEBSITE WINS EXCELLENCE AWARD
Rhea-AI Summary
AmeriServ Financial's website, ameriserv.com, wins Bank Standard of Excellence WebAward for 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.38%
Tags
none
News
AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND
Rhea-AI Summary
AmeriServ Financial, Inc. (NASDAQ: ASRV) has declared a $0.03 per share quarterly common stock cash dividend. The dividend will be payable on August 21, 2023, to shareholders of record on August 7, 2023. With a closing stock price of $2.75 on July 20, 2023, the dividend represents a 4.36% annualized yield. AmeriServ Financial is the parent company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, providing full-service banking and wealth management services through seventeen community offices in southwestern Pennsylvania and Hagerstown, Maryland. As of June 30, 2023, AmeriServ had total assets of $1.346 billion and a book value of $6.04 per common share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.73%
Tags
dividends
Stock ASRV logo
Ameriserv Financial Inc

Nasdaq:ASRV

ASRV Rankings

#4814 Ranked by Market Cap
#4181 Ranked by Stock Gains
N/A Ranked by Dividends

ASRV Stock Data

41.67M
14.47M
19.59%
35.78%
0.06%
Commercial Banking
Finance and Insurance
Link
United States
Johnstown

About ASRV

ameriserv financial, inc., a bank holding company, is the parent of ameriserv financial bank®, ameriserv trust & financial services company, and west chester capital advisors. ameriserv financial, inc. trades on the nasdaq stock exchange under the symbol asrv. member fdic, equal housing lender never share your personal confidential information publicly on linkedin.