ChoiceOne Financial Services (COFS) Projected to Post Quarterly Earnings on Wednesday

ChoiceOne Financial Services (NASDAQ:COFS) will likely be announcing its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.82 per share and revenue of $29.70 million for the quarter.

ChoiceOne Financial Services (NASDAQ:COFS) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. ChoiceOne Financial Services had a return on equity of 12.44% and a net margin of 19.21%. On average, analysts expect ChoiceOne Financial Services to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ChoiceOne Financial Services Price Performance

Shares of ChoiceOne Financial Services stock opened at $26.15 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.74 and a quick ratio of 0.74. ChoiceOne Financial Services has a one year low of $22.43 and a one year high of $38.15. The business’s 50 day simple moving average is $29.58 and its two-hundred day simple moving average is $32.61. The stock has a market capitalization of $234.54 million, a P/E ratio of 8.02 and a beta of 0.61.

ChoiceOne Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.28 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.12 annualized dividend and a dividend yield of 4.28%. ChoiceOne Financial Services’s payout ratio is presently 34.36%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Hovde Group initiated coverage on shares of ChoiceOne Financial Services in a research note on Monday, March 10th. They issued an “outperform” rating and a $35.00 price target for the company. Janney Montgomery Scott raised ChoiceOne Financial Services from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, DA Davidson dropped their price target on ChoiceOne Financial Services from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, January 27th.

About ChoiceOne Financial Services

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.