Today’s Short Interest Alert: Ameriserv Financial Incorporated (NASDAQ:ASRV) Has Increase in Shorts

November 24, 2016 - By Vivian Park   ·   0 Comments

Today's Short Interest Alert: Ameriserv Financial Incorporated (NASDAQ:ASRV) Has Increase in Shorts

The stock of Ameriserv Financial Incorporated (NASDAQ:ASRV) registered an increase of 1.26% in short interest. ASRV’s total short interest was 168,200 shares in November as published by FINRA. Its up 1.26% from 166,100 shares, reported previously. With 4,300 shares average volume, it will take short sellers 39 days to cover their ASRV’s short positions. The short interest to Ameriserv Financial Incorporated’s float is 0.98%. The stock increased 2.82% or $0.1 on November 23, hitting $3.65. About 39,238 shares traded hands or 326.59% up from the average. AmeriServ Financial, Inc. (NASDAQ:ASRV) has risen 21.67% since April 22, 2016 and is uptrending. It has outperformed by 16.26% the S&P500.

AmeriServ Financial, Inc. is a bank holding firm of AmeriServ Financial Bank . The company has a market cap of $71.00 million. The Company’s principal activities consist of owning and operating its three subsidiary entities. It has a 28.1 P/E ratio. The Company’s divisions include retail banking, commercial banking, trust and investment/parent.

Insitutional Activity: The institutional sentiment decreased to 0.62 in 2016 Q2. Its down 0.02, from 0.64 in 2016Q1. The ratio turned negative, as 2 funds sold all AmeriServ Financial, Inc. shares owned while 9 reduced positions. 2 funds bought stakes while 5 increased positions. They now own 4.60 million shares or 0.28% less from 4.61 million shares in 2016Q1.
Citadel Limited Liability Co owns 30,736 shares or 0% of their US portfolio. Moreover, S&T Comml Bank Pa has 0% invested in AmeriServ Financial, Inc. (NASDAQ:ASRV) for 10,000 shares. Schulhoff & accumulated 18,000 shares or 0.03% of the stock. Bridgeway Mgmt accumulated 187,671 shares or 0.01% of the stock. Pinnacle Ltd Liability Corp has 197,842 shares for 0% of their US portfolio. Federated Pa owns 957 shares or 0% of their US portfolio. The New York-based Renaissance Ltd has invested 0% in AmeriServ Financial, Inc. (NASDAQ:ASRV). First Heartland Consultants Inc holds 0.01% or 40,900 shares in its portfolio. Goldman Sachs Group, a New York-based fund reported 10,778 shares. Acadian Asset Ltd Liability Corp has invested 0% of its portfolio in AmeriServ Financial, Inc. (NASDAQ:ASRV). Dimensional Fund Advisors Limited Partnership owns 1.61 million shares or 0% of their US portfolio. Morgan Stanley has 4,303 shares for 0% of their US portfolio. West Chester Advsrs Incorporated has 535,962 shares for 2.41% of their US portfolio. Lesa Sroufe And accumulated 100,000 shares or 0.26% of the stock. California Pub Employees Retirement Sys has 0% invested in the company for 35,833 shares.

Insider Transactions: Since July 15, 2016, the stock had 5 insider purchases, and 0 sales for $3,446 net activity. $690 worth of AmeriServ Financial, Inc. (NASDAQ:ASRV) was bought by WISE ROBERT L on Tuesday, November 15.

ASRV Company Profile

AmeriServ Financial, Inc., incorporated on May 3, 1982, is a bank holding firm of AmeriServ Financial Bank (the Bank). The Company’s principal activities consist of owning and operating its three subsidiary entities. The Company’s divisions include retail banking, commercial banking, trust and investment/parent. The Company’s Retail banking segment includes the deposit-gathering branch franchise and lending to both individuals and small businesses. Lending activities include residential mortgage loans, direct consumer loans, and small business commercial loans. The Company’s Commercial banking to businesses includes commercial loans and commercial real estate mortgage (CRE) loans. The trust segment contains its wealth management businesses, which include the Trust Company, WCCA, its registered investment advisory firm and financial services. Wealth management includes personal trust services and products, such as personal portfolio investment management, estate planning and administration, custodial services and pre-need trusts. It also includes institutional trust services and products, such as 401(k) plans, defined benefit and defined contribution employee benefit plans, and individual retirement accounts. Financial services include the sale of mutual funds, annuities, and insurance products.

More notable recent AmeriServ Financial, Inc. (NASDAQ:ASRV) news were published by: Prnewswire.com which released: “AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash Dividend” on October 24, 2016, also Prnewswire.com with their article: “AmeriServ Financial Inc. Appoints Senior Leadership Team” published on March 24, 2015, Prnewswire.com published: “AmeriServ Financial, Inc. Completes Private Placement Of $7.65 Million Of …” on January 04, 2016. More interesting news about AmeriServ Financial, Inc. (NASDAQ:ASRV) were released by: Prnewswire.com and their article: “AmeriServ Financial, Inc. Announces Leadership Change” published on December 11, 2014 as well as Nasdaq.com‘s news article titled: “AmeriServ Financial Inc. (ASRV) Ex-Dividend Date Scheduled for November 03, 2016” with publication date: November 02, 2016.

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By Vivian Park

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