AmeriServ Financial, Inc. (ASRV) | Investment Case

1. Company Snapshot

1.a. 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.

Show Full description

1.b. Last Insights on ASRV

AmeriServ Financial's recent performance was negatively impacted by a decline in profitability. The company reported a 4th quarter net income of $889,000, or $0.05 per diluted common share, a significant decrease from prior quarters. This decline in earnings may be attributed to a decrease in revenue or an increase in expenses, which can be detrimental to the company's overall financial health. Additionally, the absence of any notable acquisitions or new product launches in the recent earnings release suggests that the company is not experiencing significant growth drivers.

1.c. Company Highlights

Last Price	3.17
Change Percentage	2.92%
Open	3.08
Previous Close	3.08
Market Cap ( Millions)	52
Volume	2108
Year High	3.42
Year Low	2.03
M A 50	3.06
M A 200	2.81

FCF Yield	5.69%
Dividend Yield	3.79%
ROE	4.63%
Debt / Equity	74.35%
Net Debt / EBIDTA	734.86%
Price To Book	0.47
Price Earnings Ratio	10.35
Price To FCF	17.57
Price To sales	0.6
EV / EBITDA	14.05

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

AmeriServ Financial Bank and Federated Hermes Announce Strategic Alliance to Expand Investment Opportunities in Western Pennsylvania

Dec -03

Source: prnewswire.com

AmeriServ Q3 Earnings Surge Y/Y on Net Interest Income Growth

Oct -27

Source: zacks.com

AMERISERV FINANCIAL REPORTS INCREASED EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2025 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND

Oct -21

Source: prnewswire.com

AmeriServ Financial Announces New Labor Contract

Oct -16

Source: prnewswire.com

AmeriServ Incurs Q2 Loss Amid Credit Provision Surge, Stock Down 8%

Jul -28

Source: zacks.com

AMERISERV FINANCIAL REPORTS EARNINGS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2025 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND

Jul -22

Source: prnewswire.com

Zacks Initiates Coverage of AmeriServ with Outperform Recommendation

Jul -08

Source: zacks.com

AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FIRST QUARTER OF 2025 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND

Apr -22

Source: prnewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.64%)

6. Segments

Community Banking

Expected Growth: 4.5%

Growing demand for personalized banking services, increasing adoption of digital banking solutions, and expanding presence in local communities drive growth in community banking.

Investment/Parent

Expected Growth: 4.5%

AmeriServ Financial's Investment/Parent segment is expected to grow driven by increasing demand for commercial and retail banking services, expansion of trust and investment services, and a growing need for insurance products in the region.

Wealth Management

Expected Growth: 5.5%

Growing demand for personalized financial planning, increasing wealth among individuals and families, and a rising need for businesses to optimize financial resources drive the growth of Wealth Management services.

7. Detailed Products

Retail Banking

AmeriServ Financial, Inc. offers a range of retail banking services, including checking and savings accounts, credit cards, personal loans, and mortgages.

Commercial Banking

AmeriServ Financial, Inc. provides commercial banking services, including business checking and savings accounts, commercial loans, and cash management services.

Wealth Management

AmeriServ Financial, Inc. offers wealth management services, including investment management, retirement planning, and estate planning.

Mortgage Banking

AmeriServ Financial, Inc. provides mortgage banking services, including residential and commercial mortgage lending.

Insurance Services

AmeriServ Financial, Inc. offers insurance services, including life insurance, disability insurance, and long-term care insurance.

8. AmeriServ Financial, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

AmeriServ Financial, Inc. operates in a highly competitive industry, but the threat of substitutes is mitigated by the company's diversified product offerings and strong brand recognition.

Bargaining Power Of Customers

AmeriServ Financial, Inc. has a large customer base, but customers have significant bargaining power due to the availability of alternative financial institutions and online banking services.

Bargaining Power Of Suppliers

AmeriServ Financial, Inc. has a diversified supplier base, and suppliers have limited bargaining power due to the company's significant purchasing power.

Threat Of New Entrants

The threat of new entrants is moderate due to the regulatory barriers and capital requirements in the banking industry, but AmeriServ Financial, Inc. must still be vigilant in responding to innovative fintech companies.

Intensity Of Rivalry

AmeriServ Financial, Inc. operates in a highly competitive industry, and the intensity of rivalry is high due to the presence of large national banks and regional banks.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	52.41%
Debt Cost	7.46%
Equity Weight	47.59%
Equity Cost	7.46%
WACC	7.46%
Leverage	110.12%

11. Quality Control: AmeriServ Financial, Inc. passed 1 out of 9 key points

Strong Liquidity

Low Deb

Strong Interest Coverage

Healthy Cash Flow

Operating Inefficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Pioneer Bancorp

A-Score: 5.7/10

Value: 5.5

Growth: 4.3

Quality: 6.9

Yield: 0.0

Momentum: 8.5

Volatility: 9.3

1-Year Total Return ->

AmeriServ Financial

A-Score: 5.5/10

Value: 6.6

Growth: 3.4

Quality: 4.1

Yield: 7.0

Momentum: 6.5

Volatility: 5.7

1-Year Total Return ->

Norwood Financial

A-Score: 5.1/10

Value: 4.9

Growth: 3.7

Quality: 4.2

Yield: 8.0

Momentum: 3.0

Volatility: 7.0

1-Year Total Return ->

Middlefield Banc

A-Score: 4.9/10

Value: 3.9

Growth: 4.2

Quality: 6.3

Yield: 6.0

Momentum: 5.0

Volatility: 4.0

1-Year Total Return ->

William Penn

A-Score: 4.8/10

Value: 6.0

Growth: 4.3

Quality: 4.7

Yield: 1.0

Momentum: 6.0

Volatility: 6.7

1-Year Total Return ->

First Internet

A-Score: 4.4/10

Value: 9.6

Growth: 6.7

Quality: 3.7

Yield: 2.0

Momentum: 0.5

Volatility: 3.7

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

11.91%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

7.46%

AmeriServ Financial, Inc. - US03074A1025

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on ASRV

1.c. Company Highlights

Lower Quality

More Volatile

Stable Momentum

Weak Momentum

Average Growth

Cheaper

Lower Growth

Medium Volatility

Average Yield

Strong Momentum

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.64%)

6. Segments

Community Banking

Expected Growth: 4.5%

Investment/Parent

Expected Growth: 4.5%

Wealth Management

Expected Growth: 5.5%

7. Detailed Products

Retail Banking

Commercial Banking

Wealth Management

Mortgage Banking

Insurance Services

8. AmeriServ Financial, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: AmeriServ Financial, Inc. passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

3.17$

Current Price

3.17$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA