Profit Fan

AmeriServ Financial: Much More Than Meets The Eye

To be quite honest, it is pretty hard to put a value on the shares of a bank. There are many moving parts and almost too many ratios that could lead one in wildly different directions because each ratio is capable of moving down while at the same time others move up and/or sideways. Even worse, some ratios are capable of staying the same (NYSE:NIM) while the values forming them have deteriorated.

This difficulty, however, presents investors with an opportunity that I have been struggling to quantify clearly until now. I have been able to clearly define the good/bad aspects of a bank and the difference between one from another but, in my past articles, and I am...

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