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Jeffrey A. Stopko, the President and CEO of AmeriServ Financial Inc. (NASDAQ:ASRV), has purchased 3,000 shares of the company’s common stock. The transaction, which took place on February 3, 2025, was executed at a price of $2.62 per share, amounting to a total of $7,860. The stock, currently trading at $2.80, appears undervalued according to InvestingPro Fair Value metrics. This purchase was made through a 401(k) plan, as noted in the filing. Following this acquisition, Stopko holds a total of 154,000 shares, with 54,752 shares jointly held with his wife. AmeriServ Financial, based in Johnstown, Pennsylvania, operates in the national commercial banking sector. The company, with a market capitalization of $46.29 million, maintains a P/E ratio of 13.09 and offers a notable dividend yield of 4.52%, having maintained dividend payments for 13 consecutive years. InvestingPro subscribers can access additional insights, including multiple financial health indicators and exclusive ProTips.
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