Intangible Valuation
Value, contrarian, coat tail rider, idiosyncratic research

AmeriServ Financial: 20% Discount To Tangible Book, Bright Long-Term Prospects

AmeriServ Financial (NASDAQ:ASRV) is a well-capitalized Pennsylvania community bank. After an 8% drop last Friday, AmeriServ trades at a market capitalization of $52.5 million, below its $66.7 million tangible book value. That is about a 20% discount to tangible book value. AmeriServ has been very conservative, as...

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