ASRV  Ameriserv Financial Inc.

Exchange

NASDAQ

Sector

Finance

Industry

Major Banks

Market Cap.

70.41M

Current Price

$3.73
-0.025 (-0.667%)

Book Price

$2.49
Overvalued by 33.10%
Financial Institution

Company Metrics

  • P/E 31.042
  • P/S 1.582
  • P/B 0.743
  • EPS 0.120
  • Dividend 0.060 / 1.640 %
  • Avg. Vol. 37,408.00
  • Shares 18.90M
  • Market Cap. 70.41M

Company Description

AmeriServ Financial, Inc. operates as the bank holding company for AmeriServ Financial Bank that offers a range of consumer, mortgage, and commercial financial products and services. It offers retail banking services, such as demand deposits, savings accounts, time deposits, money market accounts, secured and unsecured loans, mortgage loans, safe deposit boxes, holiday club accounts, collection se... more


Download 10 Years of Financial Statements:
Income Statement   Balance Sheet   Cash Flow

News

AmeriServ Financial, Inc. Completes Private Placement Of $7.65 Million Of ...
PR Newswire (press release) - Jan 4, 2016
JOHNSTOWN, Pa., Jan. 4, 2016 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that it successfully completed a private placement of $7.65 million in aggregate principal amount of fixed rate subordinated notes to certain accredited ...
Stock Returns: AmeriServ Financial Inc (NASDAQ:ASRV) versus First Financial ...
CML News - Mar 24, 2017
This is a snapshot to compare the stock returns for AmeriServ Financial Inc (NASDAQ:ASRV) versus First Financial Northwest Inc (NASDAQ:FFNW) .
Looking at book value of Annaly Eaton Vance Massachusetts Municipal Income ... - The Finance Registrar
AmeriServ Financial Inc. Appoints Senior Leadership Team
PR Newswire (press release) - Mar 24, 2015
Jeffrey A. Stopko is promoted to president and chief executive officer of AmeriServ Financial, Inc. He will be responsible for advancing the organization's performance and that of its subsidiaries.
Stock Returns: AmeriServ Financial Inc (NASDAQ:ASRV) versus Pacific Mercantile ...
CML News - Mar 6, 2017
This is a snapshot to compare the stock returns for AmeriServ Financial Inc (NASDAQ:ASRV) versus Pacific Mercantile Bancorp (NASDAQ:PMBC) .
AmeriServ: An Undervalued Micro-Cap Bank
Seeking Alpha - Feb 19, 2014
Background: Headquartered in Johnstown Pa., AmeriServ (NASDAQ:ASRV) is a small regional banking company with a market cap around $60 MM.
Stock Returns: AmeriServ Financial Inc (NASDAQ:ASRV) versus Southern National ...
CML News - Mar 22, 2017
This is a snapshot to compare the stock returns for AmeriServ Financial Inc (NASDAQ:ASRV) versus Southern National Bancorp of Virginia Inc (NASDAQ:SONA) .
Ameriserv Financial Inc /pa/ (ASRV) Files Form 4 Insider Buying : Robert L ... - Energy Index
Stock Returns: Bankwell Financial Group Inc (NASDAQ:BWFG) is Beating AmeriServ ...
CML News - Mar 19, 2017
This is a snapshot to compare the stock returns for AmeriServ Financial Inc (NASDAQ:ASRV) versus Bankwell Financial Group Inc (NASDAQ:BWFG) .
'High quality' spring art show on display at AmeriServ Financial
TribDem.com - Mar 19, 2017
The 2017 Spring Juried Exhibition of Allied Artists of Johnstown is on display during regular banking hours through April 1 in the lobby of AmeriServ Financial, Main and Franklin streets in downtown Johnstown. The exhibition features 38 works by ...
Form 4 AMERISERV FINANCIAL INC For: Feb 15 Filed by: WISE ROBERT L
StreetInsider.com - Feb 22, 2017
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. FORM 4, UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
AmeriServ Appoints Gregor Young to Lead Trust Company
PR Newswire (press release) - Mar 24, 2010
JOHNSTOWN, Pa., March 24 /PRNewswire-FirstCall/ -- AmeriServ Financial Inc. (Nasdaq: ASRV) announced the appointment of Gregor T. Young, IV, J.D.
Growth Rate Assumed by Market

We did a reverse valuation to calculate the growth rate the market is assuming for ASRV to be considered fairly valued at its current market price. It's useful to compare this to the growth rate we're assuming for the Growth Price.

Future Free Cash Flow Growth Rate

This is the annual growth rate we've applied to calculate ASRV's Free Cash Flow for the next 10 years. To calculate it, we looked at several time periods of the last 10 years. Feel free to adjust it, but we limit the initial growth rate to 20% and slow it down over the years. Otherwise, long-term sustainability issues come into play.

Discount Rate

The discount rate is the annual rate of return an investor requires to take the risk of investing in a single stock. To account for that risk, this should be above 8-10%, as this is the avg. annual rate of return for the S&P500 over the past 100 years.

Poor Cash Return on Invested Capital over the past 5 years

ASRV has been unable to consistently generate sufficient returns from its investments in buildings, projects and equipment. This could be due to poor management, lack of an economic moat or the capital intensive nature of the business.

ASRV has only created $- of cash for every $100 invested.
Figures in USD. Fiscal year ends in December
20122013201420152016
Free Cash Flow - - - - -
divided by
Invested Capital 1.00B 1.06B 1.09B 1.15B 1.15B
Cash ROIC - - - - -

Poor Return on Equity over the past 5 years

ASRV has shown an inability to deliver strong results for shareholders. This could be due to poor management, ASRV operating in a highly competitive industry, or having a weak business in general.

ASRV has only generated $3.85 of Earnings for every $100 of Shareholders' Equity.
Figures in USD. Fiscal year ends in December
20122013201420152016
Net Income 5.04M 5.19M 3.02M 6.00M 2.31M
divided by
Stockholders' Equity 110.47M 113.31M 114.41M 118.97M 95.40M
Return on Equity 4.56% 4.58% 2.64% 5.04% 2.42%

Poor Business Performance over the past 10 years

ASRV's inability to produce positive free cash flow for the majority of the past 10 years is concerning. It should be a red flag, since this company does not have a track record of delivering results for shareholders. This could be due to poor management or the nature of its business.

ASRV has been losing money for the majority of the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Free Cash Flow - - - - - - - - - -

Consistent Reinvestment of Profits over the past 10 years

ASRV has consistently retained profits. This may put ASRV in a strong position to invest for the future, by buying new machinery, investing in R&D or a number of other options. By effectively using these earnings, ASRV can greatly improve their long-term economic picture.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Retained Earnings 15.60M 20.53M 14.59M 14.60M 18.93M 23.14M 27.56M 29.62M 34.65M 36.00M
Retained Earnings Growth - 31.60% -28.94% 0.07% 29.63% 22.25% 19.09% 7.48% 16.99% 3.90%

Highly Competitive Industry over the past 10 years

It's likely that ASRV is in an industry with low barriers to entry, spurring high competition. If Gross Margins are at least satisfactory, it's likely ASRV invests heavily in R&D and Sales, General & Administrative expenses.

Only $- of every $100 of Revenue have been profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Net Income 3.03M 5.51M -4.90M 1.28M 6.54M 5.04M 5.19M 3.02M 6.00M 2.31M
divided by
Revenue - - - - - - - - - -
Net Profit Margin - - - - - - - - - -

Weak Pricing Power over the past 10 years

ASRV is likely in a highly competitive industry, due to low barriers to entry. It's because of this, that ASRV has been unable to raise prices and increase their profitability. This puts them in a poor position if inflation becomes an issue, as they would struggle to pass higher costs onto consumers.

Only $- of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Gross Profit - - - - - - - - - -
divided by
Revenue - - - - - - - - - -
Gross Margin - - - - - - - - - -

Low Capital Intensity over the past 10 years

ASRV has consistently used a small portion of their Net Income buying new equipment or investing in new facilities. This indicates that ASRV may require minimal investment to stay competitive. This leaves them with extra money to spend on growing their business and potentially buying back stock.

-% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Capital Expenditure - - - - - - - - - -
divided by
Net Income 3.03M 5.51M -4.90M 1.28M 6.54M 5.04M 5.19M 3.02M 6.00M 2.31M
Capital Expenditure Ratio - - - - - - - - - -

Strong Dividend History over the past 10 years

ASRV has consistently distributed a dividend for the past 9 years. This suggests ASRV is established and will likely continue to distribute its dividend for the foreseeable future.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Dividend Paid -131,000.00 1.56M 951,000.00 1.05M 1.05M 828,000.00 775,000.00 962,000.00 964,000.00 960,000.00
divided by
Shares Outstanding 22.17M 21.98M 21.17M 21.23M 21.21M 19.75M 19.03M 18.91M 18.93M 18.96M
Dividend Paid Per Share -0.01 0.07 0.04 0.05 0.05 0.04 0.04 0.05 0.05 0.05
Price at Year End 2.85 1.70 1.56 1.60 1.95 2.88 3.01 3.08 3.22 3.70
Dividend Yield -0.21% 4.17% 2.88% 3.09% 2.55% 1.46% 1.35% 1.65% 1.58% 1.37%

Strong History of Stock Buybacks over the past 10 years

ASRV has a strong history of delivering increased value for shareholders in the form of stock buybacks. These have helped improve financial metrics and increase each shareholders' relative ownership stake in the company, due to fewer shares outstanding and holding the same number of shares.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Shares Outstanding 22.17M 21.98M 21.17M 21.23M 21.21M 19.75M 19.03M 18.91M 18.93M 18.96M
Stock Bought Back - 0.90% 3.78% -0.24% 0.10% 7.38% 3.75% 0.67% -0.13% -0.12%
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