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In a recent transaction, Jeffrey A. Stopko, the President and CEO of AmeriServ Financial Inc. (NASDAQ:ASRV), acquired 3,000 shares of the company’s common stock. The timing is notable as the stock has declined over 10% year-to-date, according to InvestingPro data. The shares were purchased at a price of $2.42 per share, amounting to a total value of $7,260. Following this acquisition, Stopko now holds a total of 157,000 shares, with 54,752 of these shares held jointly with his wife. This purchase was made through a 401(k) plan, as noted in the SEC filing. The $39.65 million market cap company trades at an attractive Price/Book ratio of 0.37 and offers a 5.04% dividend yield, having maintained dividend payments for 13 consecutive years. InvestingPro analysis suggests the stock is currently undervalued, with several additional metrics and insights available to subscribers.
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