ChoiceOne Financial Services, Inc. (NASDAQ:COFS) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of ChoiceOne Financial Services, Inc. (NASDAQ:COFS - Free Report) by 401.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,842 shares of the company's stock after purchasing an additional 55,926 shares during the period. American Century Companies Inc. owned 0.78% of ChoiceOne Financial Services worth $2,489,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of ChoiceOne Financial Services by 21.2% during the third quarter. Geode Capital Management LLC now owns 187,342 shares of the company's stock valued at $5,792,000 after buying an additional 32,725 shares during the last quarter. State Street Corp grew its position in shares of ChoiceOne Financial Services by 6.8% during the third quarter. State Street Corp now owns 97,095 shares of the company's stock valued at $3,001,000 after purchasing an additional 6,209 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of ChoiceOne Financial Services in the fourth quarter worth about $123,000. Barclays PLC lifted its position in shares of ChoiceOne Financial Services by 173.3% in the third quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $412,000 after buying an additional 8,463 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in ChoiceOne Financial Services by 21.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,443 shares of the company's stock valued at $694,000 after buying an additional 3,986 shares in the last quarter. Institutional investors own 19.90% of the company's stock.

ChoiceOne Financial Services Trading Down 1.3 %

NASDAQ:COFS traded down $0.32 during mid-day trading on Friday, hitting $25.18. 43,663 shares of the stock traded hands, compared to its average volume of 29,538. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.99. ChoiceOne Financial Services, Inc. has a 52 week low of $21.94 and a 52 week high of $38.15. The stock has a market capitalization of $225.84 million, a price-to-earnings ratio of 7.72 and a beta of 0.61. The firm's 50 day moving average is $29.89 and its two-hundred day moving average is $32.68.

ChoiceOne Financial Services (NASDAQ:COFS - Get Free Report) last released its earnings results on Wednesday, January 22nd. The company reported $0.83 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, equities research analysts predict that ChoiceOne Financial Services, Inc. will post 3.67 earnings per share for the current year.

ChoiceOne Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.12 annualized dividend and a dividend yield of 4.45%. ChoiceOne Financial Services's dividend payout ratio (DPR) is 34.36%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on COFS. Hovde Group assumed coverage on shares of ChoiceOne Financial Services in a research note on Monday, March 10th. They set an "outperform" rating and a $35.00 price target on the stock. Janney Montgomery Scott raised shares of ChoiceOne Financial Services from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd. Finally, DA Davidson reduced their price objective on ChoiceOne Financial Services from $41.00 to $39.00 and set a "buy" rating on the stock in a research note on Monday, January 27th.

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.