AmeriServ Financial Stock Soars (ASRV)

NEW YORK ( TheStreet) -- Shares of AmeriServ Financial (Nasdaq: ASRV) have taken a tremendous swing upward. The stock is trading at $2.07 as of 3:29 p.m. ET, 26.2% above Thursday's closing price of $1.64. Volume is at 22,080, two times the daily average of 11,300.

AmeriServ Financial has a market cap of $34.4 million and is part of the financial sector and banking industry. Shares are up 3.8% year to date as of the close of trading on Thursday.

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 nine, above the average banking industry P/E ratio of 8.5 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.

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