In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ameriserv Financial Inc (NASDAQ:ASRV) reported that M3 Partners Lp has picked up 1,041,713 of common stock as of 2017-07-28.
The acquisition brings the aggregate amount owned by M3 Partners Lp to a total of 1,041,713 representing a 5.58% in the company.
For those not familiar with the company, AmeriServ Financial, Inc. is a bank holding company of AmeriServ Financial Bank (the Bank). The Company’s principal activities consist of owning and operating its three subsidiary entities. The Company’s segments include retail banking, commercial banking, trust and investment/parent. Its Retail banking segment includes the deposit-gathering branch franchise and lending to both individuals and small businesses. Its Commercial banking to businesses includes commercial loans and commercial real estate mortgage (CRE) loans.
A glance at Ameriserv Financial Inc (NASDAQ:ASRV)’s key stats reveals a current market capitalization of 76.66M based on 18.46M shares outstanding and a price at last close of $4.05 per share .
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2017-07-17, Wise picked up 176 at a purchase price of $3.92 per share.This brings their total holding to 137,139 as of the date of the filing.
On the sell side, the most recent transaction saw Slater unload 225 shares at a sale price of $3.94. This brings their total holding to 69,062.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Ameriserv Financial Inc (NASDAQ:ASRV) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.