Zacks Initiates Coverage of AmeriServ with Outperform Recommendation

Zacks Investment Research has recently initiated coverage of AmeriServ Financial, Inc. (ASRV) with an Outperform recommendation, highlighting the stock’s strategic shareholder alignment and steady earnings profile as core drivers of upside potential.AmeriServ’s renewed long-term agreement with its major shareholder, SB Value Partners, through 2029 strengthens the company’s growth trajectory in trust and wealth management. With $2.4 billion in off-balance sheet assets under management, this segment is expect ...