5 Cheap Bank Stocks To Buy

3. AmeriServ Financial, Inc. (NASDAQ:ASRV)

Number of Hedge Fund Holders: 3

P/E Ratio as of January 19: 8.31

AmeriServ Financial, Inc. (NASDAQ:ASRV) is the bank holding company for AmeriServ Financial Bank. It provides consumer, mortgage, and commercial financial products. The company is based in Johnstown, Pennsylvania.

In October 2022, AmeriServ Financial, Inc. (NASDAQ:ASRV) declared a $0.03 per share quarterly dividend. AmeriServ Financial, Inc. (NASDAQ:ASRV) is also trading with a P/E ratio just above 8, which is significantly lower than the P/E ratios of its peers in the market.

Three hedge funds were long AmeriServ Financial, Inc. (NASDAQ:ASRV) in the third quarter of 2022, with a total stake value of $6.7 million.

Follow Ameriserv Financial Inc (NASDAQ:ASRV)