SG Americas Securities LLC Invests $111,000 in ChoiceOne Financial Services, Inc. (NASDAQ:COFS)

SG Americas Securities LLC acquired a new stake in ChoiceOne Financial Services, Inc. (NASDAQ:COFS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,800 shares of the company’s stock, valued at approximately $111,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of ChoiceOne Financial Services by 2.1% during the third quarter. Vanguard Group Inc. now owns 345,467 shares of the company’s stock valued at $6,785,000 after acquiring an additional 6,947 shares during the last quarter. Barclays PLC raised its position in ChoiceOne Financial Services by 57.3% during the 2nd quarter. Barclays PLC now owns 3,836 shares of the company’s stock worth $89,000 after purchasing an additional 1,398 shares during the last quarter. California State Teachers Retirement System acquired a new position in ChoiceOne Financial Services during the 2nd quarter worth about $53,000. Wells Fargo & Company MN raised its position in shares of ChoiceOne Financial Services by 5,443.8% during the second quarter. Wells Fargo & Company MN now owns 2,661 shares of the company’s stock worth $61,000 after acquiring an additional 2,613 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of ChoiceOne Financial Services by 253.5% in the second quarter. State Street Corp now owns 77,846 shares of the company’s stock worth $1,790,000 after acquiring an additional 55,823 shares during the period. 19.90% of the stock is currently owned by institutional investors and hedge funds.

ChoiceOne Financial Services Stock Performance

NASDAQ:COFS opened at $24.11 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.67 and a current ratio of 0.68. ChoiceOne Financial Services, Inc. has a fifty-two week low of $15.84 and a fifty-two week high of $32.14. The company has a 50 day simple moving average of $25.76 and a two-hundred day simple moving average of $25.16. The company has a market capitalization of $182.27 million, a PE ratio of 8.55 and a beta of 0.65.

ChoiceOne Financial Services (NASDAQ:COFS) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.06. ChoiceOne Financial Services had a net margin of 18.67% and a return on equity of 11.73%. The company had revenue of $20.60 million during the quarter, compared to analysts’ expectations of $20.10 million. Research analysts anticipate that ChoiceOne Financial Services, Inc. will post 2.9 earnings per share for the current year.

ChoiceOne Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.08 dividend on an annualized basis and a yield of 4.48%. ChoiceOne Financial Services’s payout ratio is currently 38.30%.

ChoiceOne Financial Services Profile

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.