West Chester Capital Advisors Inc Lowers stake in AmeriServ Financial (ASRV)

AmeriServ Financial (ASRV) : West Chester Capital Advisors Inc reduced its stake in AmeriServ Financial by 0.94% during the most recent quarter end. The investment management company now holds a total of 540,346 shares of AmeriServ Financial which is valued at $1.6 Million after selling 5,114 shares in AmeriServ Financial , the firm said in a disclosure report filed with the SEC on May 13, 2016.AmeriServ Financial makes up approximately 2.73% of West Chester Capital Advisors Inc’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in ASRV by selling 6,616 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 1,612,758 shares of ASRV which is valued at $4.9 Million.Blackrock Fund Advisors reduced its stake in ASRV by selling 4,884 shares or 7.65% in the most recent quarter. The Hedge Fund company now holds 58,992 shares of ASRV which is valued at $179,336.

AmeriServ Financial (ASRV) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $3.12 and reached the intraday high at $3.13. The bulls started the profit booking and pushed the shares to intraday low of $3.0601. The trading session was marked by a volume range of 47,641 shares exchanging hands. The 52-week high of the shares is $3.45 and the 52-week low is $2.9. The market cap of the company stands at $59 M and there are 1,88,96,876 shares in public circulation.

AmeriServ Financial Inc. is a bank holding company for AmeriServ Financial Bank (the Bank). The Company’s principal activities consist of owning and operating its three wholly owned subsidiary entities which include the Bank AmeriServ Trust and Financial Services Company (the Trust Company) and AmeriServ Life Insurance Company (AmeriServ Life). The Company and its subsidiaries are engaged in banking and bank-related services. Its business units include retail banking commercial banking trust and investment/parent. The Bank is a state bank conducting banking business. The Trust Company focuses on wealth management. AmeriServ Life is a captive insurance company. Its retail banking includes the deposit-gathering branch franchise and lending to individuals and small businesses. Its lending activities include residential mortgage loans direct consumer loans and small business commercial loans. Commercial banking includes commercial loans and commercial real estate mortgage loans.

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