Ameriserv Financial (ASRV) AI Stock Analysis

• Market Cap: $52.70M
• Dividend Yield: 3.76%
• Average Volume (3M): 20.71K
• Price to Earnings (P/E): 10.3
• Beta (1Y): 0.24
• Revenue Growth: 6.89%
• EPS Growth: N/A
• Country: US
• Employees: 298
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.15
• Shares Outstanding: 16,519,266
• 10 Day Avg. Volume: 36,323
• 30 Day Avg. Volume: 20,710
• PEG Ratio: -0.06
• Price to Book (P/B): 0.42
• Price to Sales (P/S): 0.53
• P/FCF Ratio: 46.14
• Enterprise Value/Market Cap: 2.13
• Enterprise Value/Revenue: 1.32
• Enterprise Value/Gross Profit: 2.18
• Enterprise Value/Ebitda: 16.93
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 68 Neutral
• Price Target: $3.50 ▲(9.72% Upside)

Ameriserv Financial's stock score is primarily driven by its stable financial performance and attractive valuation. The company's effective cost management and balanced leverage strategy support its financial health, although there is room for improvement in profitability and cash flow management. The technical indicators suggest stability with mild bullish momentum. The reasonable P/E ratio and attractive dividend yield further enhance the stock's appeal.

Ameriserv Financial Business Overview & Revenue Model

Company Description

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, and money orders. The company 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. In addition, the company offers personal trust products and services, including personal portfolio investment management, estate planning and administration, custodial services, and pre-need trusts; institutional trust products and services comprising 401(k) plans, defined benefit and defined contribution employee benefit plans, and individual retirement accounts; financial services consisting of the sale of mutual funds, annuities, and insurance products; and union collective investment funds to invest union pension dollars in construction projects that utilize union labor. Further, it engages in underwriting as reinsurer of credit life and disability insurance. The company operates through a network of 17 banking locations in Allegheny, Cambria, Centre, Somerset, and Westmoreland counties, Pennsylvania, and Washington County, Maryland; and operates 18 automated bank teller machines. AmeriServ Financial, Inc. is headquartered in Johnstown, Pennsylvania.

How the Company Makes Money

Ameriserv Financial generates revenue primarily through interest income from loans and investments, as well as non-interest income from services and fees. Key revenue streams include interest earned on commercial and consumer loans, mortgage financing, and investment portfolios. Additionally, the company earns non-interest income from service fees associated with account maintenance, wealth management services, and transaction services. Significant partnerships with local businesses and community organizations also help drive customer acquisition and retention, contributing to the company's overall earnings.

Ameriserv Financial Financial Statement Overview

Summary

Ameriserv Financial presents a stable yet cautious financial profile. The income statement reflects steady revenue with potential cost management improvements. The balance sheet shows moderate leverage but limited equity cushion. Cash flow performance is strong, underpinning the company's ability to manage operations effectively.

Income Statement

Ameriserv Financial showed a stable revenue trend with a slight decrease in TTM compared to the annual figure. The TTM gross profit margin stands at 62.81%, indicating reasonable profitability in its core operations. Despite a challenging EBIT margin of 5.21%, the net profit margin improved to 4.27% in TTM, suggesting efficient cost management. However, variability in past EBIT margins highlights potential operational risks.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.85, reflecting a balanced approach to leverage. The equity ratio of 7.74% suggests a limited buffer against liabilities, which could pose a risk during economic downturns. Return on equity is modest at 3.25%, indicating room for enhancing shareholder returns.

Cash Flow

Ameriserv Financial demonstrated strong cash flow management with a TTM free cash flow of $4.37 million, a significant increase from the previous year. The operating cash flow to net income ratio of 1.51 highlights effective cash conversion, although the free cash flow to net income ratio of 1.21 suggests potential for further optimization.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	85.36M	84.48M	77.25M	65.75M	64.43M	63.16M
Gross Profit	51.58M	53.14M	44.98M	57.20M	55.74M	50.27M
EBITDA	6.64M	6.48M	-2.31M	11.30M	10.81M	7.81M
Net Income	3.70M	3.60M	-3.35M	7.45M	7.07M	4.60M
Balance Sheet
Total Assets	1.45B	1.42B	1.39B	1.36B	1.34B	1.28B
Cash, Cash Equivalents and Short-Term Investments	70.81M	173.37M	179.74M	202.47M	204.27M	175.67M
Total Debt	82.47M	101.69M	115.56M	138.37M	72.84M	114.08M
Total Liabilities	1.34B	1.32B	1.29B	1.26B	1.22B	1.18B
Stockholders Equity	110.92M	107.25M	102.28M	106.18M	116.55M	104.40M
Cash Flow
Free Cash Flow	2.98M	976.00K	4.91M	3.13M	8.70M	-2.70M
Operating Cash Flow	3.67M	2.69M	6.29M	5.21M	9.94M	-1.37M
Investing Cash Flow	-35.16M	-23.10M	-39.99M	-56.28M	-488.00K	-95.32M
Financing Cash Flow	38.13M	24.13M	24.77M	32.93M	146.00K	106.03M

Ameriserv Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.19
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASRV, the sentiment is Positive. The current price of 3.19 is above the 20-day moving average (MA) of 2.98, above the 50-day MA of 2.97, and above the 200-day MA of 2.71, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 64.92 is Neutral, neither overbought nor oversold. The STOCH value of 52.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ASRV.

Ameriserv Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OPHC	72 Outperform	$46.42M	3.07	14.85%	―	25.77%	12.09%
HFBL	69 Neutral	$43.27M	11.20	7.20%	3.71%	-2.93%	7.89%
ASRV	68 Neutral	$52.70M	10.32	4.54%	3.76%	6.89%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TCBS	54 Neutral	$47.73M	20.52	4.50%	1.00%	13.47%	―

Ameriserv Financial Corporate Events

AmeriServ Financial Announces Quarterly Dividend Amid Earnings Surge

On October 21, 2025, AmeriServ Financial announced a $0.03 per share quarterly common stock cash dividend, payable on November 17, 2025. The company reported a significant increase in earnings for the third quarter and first nine months of 2025, with net income rising by 115% and 56.3% respectively compared to the same periods in 2024. This growth was driven by improved net interest income and effective cost management, despite a higher provision for credit losses. The company’s strong financial performance reflects its strategic focus on revenue growth, expense control, and effective pricing strategies, positioning it well for continued success.

The most recent analyst rating on (ASRV) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Ameriserv Financial stock, see the ASRV Stock Forecast page.

AmeriServ Financial Agrees to New Labor Contract

On October 12, 2025, AmeriServ Financial Bank and the United Steelworkers Local 2635-06 agreed to a new four-year labor contract, which was ratified by unionized employees. The contract, effective until October 16, 2029, includes annual wage increases and maintains existing health care and retirement benefits, supporting AmeriServ’s commitment to its community banking strategy and union partnerships.

The most recent analyst rating on (ASRV) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Ameriserv Financial stock, see the ASRV Stock Forecast page.

AmeriServ Financial Shareholders Approve Key Proposals

At the 2025 annual meeting of shareholders held on July 29, 2025, AmeriServ Financial, Inc. shareholders voted on several key proposals. The election of three Class III directors was confirmed, with Amy Bradley and Jeffrey A. Stopko receiving strong support. Additionally, the advisory vote approved the compensation of named executive officers, and the frequency of future advisory votes was set for one year. The appointment of S.R. Snodgrass P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified.

AmeriServ Financial Holds Annual Shareholder Meeting

On July 29, 2025, AmeriServ Financial held its Annual Shareholder Meeting, where key agenda items included the election of directors and advisory votes on executive compensation. The company reported improved earnings for 2024, driven by favorable credit loss provisions, increased total revenue, and reduced non-interest expenses. The community banking business benefited from diversified revenue streams, with significant contributions from the wealth management division. The company concluded 2024 with strong loan and deposit growth, and anticipates continued improvement in net interest income and margin in 2025.