ChoiceOne Financial Services, Inc. (NASDAQ:COFS – Get Rating) announced a quarterly dividend on Wednesday, May 25th, Zacks reports. Investors of record on Wednesday, June 15th will be given a dividend of 0.25 per share on Thursday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Tuesday, June 14th.
Shares of COFS opened at $21.04 on Friday. The stock has a market capitalization of $157.67 million, a P/E ratio of 7.51 and a beta of 0.70. The firm’s fifty day simple moving average is $23.89 and its two-hundred day simple moving average is $25.14. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 0.18. ChoiceOne Financial Services has a 12 month low of $20.05 and a 12 month high of $29.38.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP purchased a new position in shares of ChoiceOne Financial Services during the fourth quarter valued at about $279,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of ChoiceOne Financial Services during the first quarter valued at approximately $244,000. Two Sigma Advisers LP purchased a new stake in ChoiceOne Financial Services during the third quarter valued at approximately $205,000. Morgan Stanley increased its stake in shares of ChoiceOne Financial Services by 92.0% in the second quarter. Morgan Stanley now owns 6,466 shares of the company’s stock worth $157,000 after purchasing an additional 3,098 shares in the last quarter. Finally, State Street Corp increased its stake in shares of ChoiceOne Financial Services by 11.7% in the first quarter. State Street Corp now owns 22,223 shares of the company’s stock worth $557,000 after purchasing an additional 2,323 shares in the last quarter. 10.87% of the stock is owned by institutional investors.
ChoiceOne Financial Services, Inc operates as the bank holding company for ChoiceOne Bank that provides community banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, safe deposit, and automated transaction machine services.
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