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NASDAQ:COFS

ChoiceOne Financial Services (COFS) Stock Price, News & Analysis

$26.85
+0.37 (+1.40%)
(As of 03:02 PM ET)
Today's Range
$26.49
$27.60
50-Day Range
$25.14
$29.70
52-Week Range
$15.84
$32.14
Volume
5,473 shs
Average Volume
14,706 shs
Market Capitalization
$202.72 million
P/E Ratio
9.52
Dividend Yield
4.02%
Price Target
$24.00

ChoiceOne Financial Services MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.9% Downside
$24.00 Price Target
Short Interest
Healthy
1.78% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.46mentions of ChoiceOne Financial Services in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.76%
From $2.90 to $2.98 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.16 out of 5 stars

Finance Sector

553rd out of 858 stocks

State Commercial Banks Industry

131st out of 181 stocks

COFS stock logo

About ChoiceOne Financial Services Stock (NASDAQ:COFS)

ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides 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. It also provides commercial lending products, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers alternative investment products, which include annuities and mutual funds; and sells insurance policies, such as life and health for commercial and consumer clients. Further, it provides trust and wealth management services. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.

COFS Stock Price History

COFS Stock News Headlines

ChoiceOne Financial Services (NASDAQ:COFS) Shares Down 1.9%
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
CHOICEONE FINANCIAL ANNOUNCES CASH DIVIDENDS
ChoiceOne Financial Services Inc.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
ChoiceOne Reports Fourth Quarter 2023 Results
ChoiceOne Financial Services Inc COFS
ChoiceOne Reports Third Quarter 2023 Results
COFS ChoiceOne Financial Services, Inc.
ChoiceOne Reports Second Quarter 2023 Results
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Last Earnings
1/24/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Today
3/28/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:COFS
Fax
N/A
Employees
369
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$24.00
High Stock Price Target
$24.00
Low Stock Price Target
$24.00
Potential Upside/Downside
-9.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$21.26 million
Pretax Margin
22.45%

Debt

Sales & Book Value

Annual Sales
$113.89 million
Cash Flow
$4.73 per share
Book Value
$25.93 per share

Miscellaneous

Free Float
6,924,000
Market Cap
$201.13 million
Optionable
Not Optionable
Beta
0.65
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Key Executives

  • Mr. Kelly J. Potes CFP (Age 62)
    CEO & Director
    Comp: $555.01k
  • Mr. Michael J. Burke Jr. (Age 54)
    President & Director
    Comp: $438.06k
  • Mr. Bradley A. Henion (Age 54)
    Executive VP & Chief Lending Officer of ChoiceOne Bank
    Comp: $287.39k
  • Mr. Adom J. GreenlandMr. Adom J. Greenland (Age 43)
    CFO, Executive VP, Secretary & Treasurer
    Comp: $225.7k
  • Ms. Shelly M. Childers (Age 61)
    Senior VP & Chief Information Officer
  • Mr. Lee A. Braford (Age 63)
    Senior VP & Chief Credit Officer of ChoiceOne Bank
    Comp: $141.06k
  • Mr. Peter Batistoni (Age 58)
    Senior VP & Senior Lender of ChoiceOne Bank
  • Ms. Heather D. Brolick (Age 64)
    Senior Vice President of Human Resources of ChoiceOne Bank
  • Mr. Robert M. Jamula (Age 55)
    Senior Vice President of Wealth Management of ChoiceOne Bank

COFS Stock Analysis - Frequently Asked Questions

Should I buy or sell ChoiceOne Financial Services stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ChoiceOne Financial Services in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" COFS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COFS, but not buy additional shares or sell existing shares.
View COFS analyst ratings
or view top-rated stocks.

What is ChoiceOne Financial Services' stock price target for 2024?

1 equities research analysts have issued 12 month price objectives for ChoiceOne Financial Services' shares. Their COFS share price targets range from $24.00 to $24.00. On average, they anticipate the company's stock price to reach $24.00 in the next twelve months. This suggests that the stock has a possible downside of 9.9%.
View analysts price targets for COFS
or view top-rated stocks among Wall Street analysts.

How have COFS shares performed in 2024?

ChoiceOne Financial Services' stock was trading at $29.30 at the beginning of the year. Since then, COFS shares have decreased by 9.1% and is now trading at $26.64.
View the best growth stocks for 2024 here
.

When is ChoiceOne Financial Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our COFS earnings forecast
.

How were ChoiceOne Financial Services' earnings last quarter?

ChoiceOne Financial Services, Inc. (NASDAQ:COFS) released its quarterly earnings data on Wednesday, January, 24th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.06. The company had revenue of $20.60 million for the quarter, compared to analysts' expectations of $20.10 million. ChoiceOne Financial Services had a trailing twelve-month return on equity of 11.73% and a net margin of 18.67%.

How often does ChoiceOne Financial Services pay dividends? What is the dividend yield for ChoiceOne Financial Services?

ChoiceOne Financial Services announced a quarterly dividend on Wednesday, February 28th. Investors of record on Friday, March 15th will be given a dividend of $0.27 per share on Friday, March 29th. This represents a $1.08 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for COFS
.

Is ChoiceOne Financial Services a good dividend stock?

ChoiceOne Financial Services (NASDAQ:COFS) pays an annual dividend of $1.08 per share and currently has a dividend yield of 4.30%. COFS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COFS will have a dividend payout ratio of 36.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for COFS.

Who are ChoiceOne Financial Services' major shareholders?

ChoiceOne Financial Services' stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.61%), Vanguard Group Inc. (4.61%), Bridgeway Capital Management LLC (0.67%), Cerity Partners LLC (0.61%), UBS Group AG (0.23%) and ICA Group Wealth Management LLC (0.20%). Insiders that own company stock include Adom Greenland, Greg L Armock, Kelly Potes, Michael J Burke Jr and Paul L Johnson.
View institutional ownership trends
.

How do I buy shares of ChoiceOne Financial Services?

Shares of COFS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:COFS) was last updated on 3/28/2024 by MarketBeat.com Staff

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