DA Davidson Has Positive Outlook of COFS FY2025 Earnings

ChoiceOne Financial Services, Inc. (NASDAQ:COFS) – Investment analysts at DA Davidson upped their FY2025 earnings per share estimates for shares of ChoiceOne Financial Services in a research report issued on Monday, October 27th. DA Davidson analyst J. Rulis now forecasts that the company will post earnings of $3.65 per share for the year, up from their prior estimate of $3.49. The consensus estimate for ChoiceOne Financial Services’ current full-year earnings is $3.67 per share. DA Davidson also issued estimates for ChoiceOne Financial Services’ FY2026 earnings at $3.50 EPS.

ChoiceOne Financial Services (NASDAQ:COFS) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $20.17 million for the quarter. ChoiceOne Financial Services had a net margin of 10.57% and a return on equity of 12.11%.

A number of other research firms also recently issued reports on COFS. Wall Street Zen raised ChoiceOne Financial Services from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ChoiceOne Financial Services in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of ChoiceOne Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.00.

ChoiceOne Financial Services Trading Down 3.6%

Shares of ChoiceOne Financial Services stock opened at $29.01 on Wednesday. ChoiceOne Financial Services has a twelve month low of $24.89 and a twelve month high of $38.15. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $29.35 and a 200-day moving average price of $29.14. The firm has a market cap of $435.73 million, a price-to-earnings ratio of 21.18 and a beta of 0.55.

ChoiceOne Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.28 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.9%. ChoiceOne Financial Services’s dividend payout ratio (DPR) is currently 81.75%.

Institutional Investors Weigh In On ChoiceOne Financial Services

Institutional investors have recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of ChoiceOne Financial Services in the 1st quarter valued at $459,000. Penn Mutual Asset Management purchased a new position in shares of ChoiceOne Financial Services in the 1st quarter valued at about $245,000. Wellington Management Group LLP acquired a new position in ChoiceOne Financial Services in the 1st quarter worth about $478,000. CWM LLC lifted its holdings in ChoiceOne Financial Services by 58.9% during the first quarter. CWM LLC now owns 7,757 shares of the company’s stock valued at $223,000 after purchasing an additional 2,876 shares in the last quarter. Finally, Jacobs Asset Management LLC raised its position in shares of ChoiceOne Financial Services by 149.9% in the first quarter. Jacobs Asset Management LLC now owns 156,159 shares of the company’s stock valued at $4,493,000 after buying an additional 93,659 shares during the last quarter. 19.90% of the stock is currently owned by institutional investors and hedge funds.

ChoiceOne Financial Services Company 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.