AMERISERV FINL INC ASRV
COM · Common Stock · CUSIP 03074A102
Pennsylvanian bank holding company
- SectorFinancials
- IndustryNational Commercial Banks
- HeadquartersJohnstown, PA
- Founded1983
- Websiteameriserv.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($400.6k this quarter). Holder counts are more reliable. Shares outstanding: 17.0m as of 2026-08-10, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $3.88. Options: 0 managers hold calls (— notional), 1 hold puts ($489.3k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 30 |
| Q4 2022 | 34 |
| Q1 2023 | 33 |
| Q2 2023 | 35 |
| Q3 2023 | 32 |
| Q4 2023 | 33 |
| Q1 2024 | 32 |
| Q2 2024 | 34 |
| Q3 2024 | 31 |
| Q4 2024 | 36 |
| Q1 2025 | 38 |
| Q2 2025 | 40 |
| Q3 2025 | 38 |
| Q4 2025 | 33 |
| Q1 2026 | 35 |
| Q2 2026 | 35 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 11 | 9 |
| Q4 2024 | 11 | 8 |
| Q1 2025 | 11 | 10 |
| Q2 2025 | 18 | 9 |
| Q3 2025 | 15 | 13 |
| Q4 2025 | 5 | 19 |
| Q1 2026 | 10 | 6 |
| Q2 2026 | 12 | 8 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $0 | $0 | — |
| Q1 2026 | $0 | $68.8k | — |
| Q2 2026 | $0 | $489.3k | — |
Biggest buyers
| VANGUARD FIDUCIARY TRUST CO | Added | +13.7k |
| Oppenheimer & Close, LLC | Added | +11.8k |
| BlackRock, Inc. | Added | +11.0k |
| CITADEL ADVISORS LLC | Added | +3.5k |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +2.2k |
| EWA, LLC | Added | +1.9k |
| DIMENSIONAL FUND ADVISORS LP | Added | +1.7k |
| ROYAL BANK OF CANADA | New | +400 |
| AmeriServ Wealth Advisors | Added | +374 |
| NORTHERN TRUST CORP | Added | +254 |
Biggest sellers
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -28.7k |
| XTX Topco Ltd | Sold out | -10.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -2.1k |
| JOHN G ULLMAN & ASSOCIATES INC | Reduced | -1.4k |
| Tower Research Capital LLC (TRC) | Reduced | -1.0k |
| Cornerstone Planning Group LLC | Reduced | -1.0k |
| Russell Investments Group, Ltd. | Sold out | -50 |
| WELLS FARGO & COMPANY/MN | Reduced | -1 |
Biggest calls
| None |
Biggest puts
| CITADEL ADVISORS LLC | New | $489.3k126.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
SB Value Partners, L.P.
13D · may seek influence
+1.5 pts · filed 2026-01-08
Stated purposeItem 4 of the Schedule 13D is hereby amended and supplemented as follows: "The information disclosed under Item 3 of this Amendment is hereby incorporated by reference into this Item 4. As a result of the value of the services provided to date by the Reporting Person under the Consulting Agreement and services provided by the Reporting Person beyond the scope of the Consulting Agreement, the Issuer entered into an Amended and Restated Consulting Agreement (the "A&R Consulting Agreement") with the Reporting Person on January 6, 2026 pursuant to which, among other things, the Issuer expands and supplements the nature and scope of the consulting services to be provided by the Reporting Person beyond the Issuer's wealth management division (the "Phase II Consulting Services"). Under the A&R… Full filing |
9.7% |
BAIRD BRENT D
13D · may seek influence
+0.7 pts · filed 2026-01-23
Stated purposeThe acquisition of shares of Common Stock by each Reporting Person was made for investment purposes. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of shares of Common Stock at prices that would make the purchase or sale of shares of Common Stock desirable, either Reporting Person may endeavor to increase or decrease his or her position in the Company through, among other things, the purchase or sale of shares of Common Stock on the open market or in private transactions or otherwise, on such terms and at such times as such Reporting Person may deem advisable. Neither Reporting Person has present plans or proposals that would relate to, or result in, any of the matters set forth in subparagraphs (a) - (j) o… Full filing |
6.8% |
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $8.6k | 0 | — | — |
| Q1 2025 | 1 | $15.1k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 2 | $24.8k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 1 | $11.6k | 0 | — | — |
| Q3 2026 | 1 | $9.9k | 1 | $48.9k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-11 | STOPKO JEFFREY A President & CEO ASRV & Bank | Bought | $9.9k2.0k shares |
| 2026-09-04 | FINUI DAVID A EVP - ASRV Wealth & Cap. Mgmt. | Sold | $31.0k6.5k shares |
| 2026-08-31 | FINUI DAVID A EVP - ASRV Wealth & Cap. Mgmt. | Sold | $17.9k3.5k shares |
| 2026-05-05 | STOPKO JEFFREY A President & CEO ASRV & Bank | Bought | $11.6k3.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| GENDELL JEFFREY L 0.06% of their portfolio | 1.6m $6.3m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.2m $4.5m | Added +1.7k |
| AmeriServ Wealth Advisors 2.30% of their portfolio | 889.5k $3.5m | Added +374 |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 660.6k $2.6m | Added +2.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 535.8k $2.1m | Reduced -28.7k |
| Oppenheimer & Close, LLC 0.89% of their portfolio | 364.4k $1.4m | Added +11.8k |
| EWA, LLC 0.18% of their portfolio | 247.5k $960.2k | Added +1.9k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 206.6k $801.7k | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 151.3k $586.9k | Added +11.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 142.3k $552.5k | Reduced -2.1k |
| Empowered Funds, LLC 0.00% of their portfolio | 103.3k $400.6k | Unchanged |
| Lesa Sroufe & Co 0.28% of their portfolio | 100.0k $388.0k | Unchanged |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 96.9k $376.0k | Added +13.7k |
| Argyle Capital Management, LLC 0.11% of their portfolio | 94.9k $368.1k | Unchanged |
| Minerva Advisors LLC 0.14% of their portfolio | 58.2k $225.8k | Unchanged |
| JOHN G ULLMAN & ASSOCIATES INC 0.02% of their portfolio | 44.6k $173.0k | Reduced -1.4k |
| Abacus Planning Group, Inc. 0.02% of their portfolio | 42.5k $164.9k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 29.4k $113.9k | Added +254 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 25.9k $100.4k | Added +3.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 22.8k $87.0k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 19.0k $73.7k | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 13.5k $52.3k | Unchanged |
| SCHULHOFF & CO INC 0.02% of their portfolio | 13.0k $50.4k | Unchanged |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 5.9k $22.9k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 718 $2.8k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 588 $2.3k | Reduced -1.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 400 $2.0k | New |
| IFP Advisors, Inc 0.00% of their portfolio | 114 $442 | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 38 $147 | New |
| Cornerstone Planning Group LLC 0.00% of their portfolio | 8 $32 | Reduced -1.0k |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 2 $8 | Unchanged |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 2 $8 | New |
| FMR LLC 0.00% of their portfolio | 1 $4 | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 1 $6 | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 0 $2 | Reduced -1 |