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 0.81% during the most recent quarter end. The investment management company now holds a total of 535,962 shares of AmeriServ Financial which is valued at $1,822,271 after selling 4,384 shares in AmeriServ Financial , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.AmeriServ Financial makes up approximately 2.99% of West Chester Capital Advisors Inc’s portfolio.

Other Hedge Funds, Including , M3f boosted its stake in ASRV in the latest quarter, The investment management firm added 102,538 additional shares and now holds a total of 834,800 shares of AmeriServ Financial which is valued at $2,754,840. AmeriServ Financial makes up approx 2.52% of M3f’s portfolio.Tower Research Capital (trc) reduced its stake in ASRV by selling 2,137 shares or 90.4% in the most recent quarter. The Hedge Fund company now holds 227 shares of ASRV which is valued at $738.

AmeriServ Financial (ASRV) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $3.5 and reached the intraday high at $3.5. The bulls started the profit booking and pushed the shares to intraday low of $3.35. The trading session was marked by a volume range of 16,676 shares exchanging hands. The 52-week high of the shares is $3.5 and the 52-week low is $2.9. The market cap of the company stands at $66 M and there are 1,89,03,472 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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