NEW YORK ( TheStreet) -- Shares of AmeriServ Financial (Nasdaq: ASRV) have taken a tremendous swing upward. The stock is trading at $2.24 as of 2:32 p.m. ET, 21.7% above Monday's closing price of $1.84. Volume is at 28,818, 2.8 times the daily average of 10,400. AmeriServ Financial has a market cap of $44.5 million and is part of the financial sector and banking industry. Shares are up 16.5% year to date as of the close of trading on Monday. 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. The company has a P/E ratio of 11.7, above the average banking industry P/E ratio of 11.1 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates AmeriServ Financial as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that revenues have generally been declining. You can view the full AmeriServ Financial Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.