AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown, PA. The Company's subsidiaries provide full-service banking and wealth management services through sixteen community offices in southwestern Pennsylvania and Hagerstown, Maryland. The Company also operates loan production offices in Altoona and Monroeville, Pennsylvania. At September 30, 2020, AmeriServ had total assets of $1.3 billion and a tangible book value of $5.36 per common share.
Company profile
Ticker
ASRV
Exchange
Website
CEO
Jeffrey A. Stopko
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
USBANCORP INC /PA/
SEC CIK
Corporate docs
Subsidiaries
AmeriServ Trust and Financial Services Company ...
IRS number
251424278
ASRV stock data
Latest filings (excl ownership)
DFAN14A
Additional proxy materials by non-management
21 Mar 23
PRRN14A
Revised preliminary proxy statement filed by non-management
21 Mar 23
DEFA14A
Additional proxy soliciting materials
20 Mar 23
8-K
AmeriServ Financial Files Lawsuit Against Driver Management to Protect the Company and All Stakeholders
20 Mar 23
PRRN14A
Revised preliminary proxy statement filed by non-management
17 Mar 23
DFAN14A
Additional proxy materials by non-management
17 Mar 23
DFAN14A
Additional proxy materials by non-management
16 Mar 23
DEFA14A
Additional proxy soliciting materials
15 Mar 23
8-K
Other Events
15 Mar 23
DEFA14A
Additional proxy soliciting materials
13 Mar 23
Latest ownership filings
4
JEFFREY A STOPKO
13 Mar 23
4
Michael D Lynch
6 Mar 23
4
Daniel A. Onorato
1 Mar 23
4
MALLEY MARGARET A O
1 Mar 23
4
KIM W KUNKLE
1 Mar 23
4
James T Huerth
27 Feb 23
SC 13G/A
M3 PARTNERS LP
10 Feb 23
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
4
JEFFREY A STOPKO
8 Feb 23
4
JEFFREY A STOPKO
6 Feb 23
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 28.52 mm | 28.52 mm | 28.52 mm | 28.52 mm | 28.52 mm | 28.52 mm |
| Cash burn (monthly) | 172.00 k | 621.75 k | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 994.20 k | 3.59 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 27.52 mm | 24.92 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 160.0 | 40.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
43.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 28 |
| Opened positions | 2 |
| Closed positions | 2 |
| Increased positions | 5 |
| Reduced positions | 6 |
| 13F shares | Current |
|---|---|
| Total value | 28.35 mm |
| Total shares | 7.44 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Dimensional Fund Advisors | 1.30 mm | $4.95 mm |
| Gendell Jeffrey L | 1.05 mm | $4.01 mm |
| M3 Partners | 1.01 mm | $3.88 mm |
| M3F | 945.07 k | $3.59 mm |
| Renaissance Technologies | 658.68 k | $2.50 mm |
| Vanguard | 626.50 k | $2.38 mm |
| West Chester Capital Advisors | 611.93 k | $2.33 mm |
| Bridgeway Capital Management | 261.77 k | $995.00 k |
| Oppenheimer & Close | 258.57 k | $982.00 k |
| BLK Blackrock | 143.71 k | $546.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 10 Mar 23 | Stopko Jeffrey A | Common Stock | Buy | Acquire P | No | No | 3.8593 | 1,500 | 5.79 k | 118,488 |
| 24 Feb 23 | Huerth James T | Common Stock | Option exercise | Acquire M | No | No | 3.23 | 6,384 | 20.62 k | 23,884 |
| 24 Feb 23 | Huerth James T | Stock Option Common Stock | Option exercise | Dispose M | No | No | 2.75 | 6,384 | 17.56 k | 6,384 |
| 21 Feb 23 | Kunkle Kim W | Common Stock | Grant | Acquire A | No | No | 4.012 | 60 | 240.72 | 132,117 |
| 21 Feb 23 | Kunkle Kim W | Common Stock | Grant | Acquire A | No | No | 4.012 | 263 | 1.06 k | 132,057 |
| 21 Feb 23 | Kunkle Kim W | Common Stock | Grant | Acquire A | No | No | 4.012 | 584 | 2.34 k | 131,794 |
| 21 Feb 23 | Daniel A. Onorato | Common Stock | Grant | Acquire A | No | No | 4.012 | 165 | 661.98 | 22,733 |
| 21 Feb 23 | Malley Margaret A O | Common Stock | Grant | Acquire A | No | No | 4.012 | 152 | 609.82 | 345,135 |
| 21 Feb 23 | Malley Margaret A O | Common Stock | Grant | Acquire A | No | No | 4.012 | 321 | 1.29 k | 344,983 |
Press releases
AmeriServ Financial Files Lawsuit Against Driver Management to Protect the Company and All Stakeholders
20 Mar 23
AmeriServ Financial Discloses That Driver's Notice of Director Candidate Nominations is Invalid
15 Mar 23
AmeriServ Financial Announces Refreshed Slate of Highly Qualified, Independent Director Candidates for 2023 Annual Meeting
13 Mar 23
AMERISERV FINANCIAL BANK WINS IOLTA RFP
23 Feb 23