Barclays PLC grew its holdings in ChoiceOne Financial Services, Inc. (NASDAQ:COFS - Free Report) by 173.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,347 shares of the company's stock after buying an additional 8,463 shares during the quarter. Barclays PLC owned approximately 0.15% of ChoiceOne Financial Services worth $412,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in COFS. Fourthstone LLC bought a new position in ChoiceOne Financial Services in the 3rd quarter worth approximately $10,962,000. The Manufacturers Life Insurance Company bought a new stake in shares of ChoiceOne Financial Services during the third quarter worth $6,906,000. Geode Capital Management LLC lifted its stake 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 acquiring an additional 32,725 shares during the period. Zacks Investment Management bought a new position in ChoiceOne Financial Services in the third quarter valued at about $3,625,000. Finally, Jacobs Asset Management LLC bought a new position in ChoiceOne Financial Services in the third quarter valued at about $3,091,000. 19.90% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, DA Davidson started coverage on shares of ChoiceOne Financial Services in a research report on Friday, October 18th. They set a "buy" rating and a $37.00 target price on the stock.
Check Out Our Latest Research Report on ChoiceOne Financial Services
ChoiceOne Financial Services Trading Up 0.4 %
COFS stock traded up $0.13 during midday trading on Friday, reaching $34.69. The company's stock had a trading volume of 18,049 shares, compared to its average volume of 26,756. The business's 50-day simple moving average is $35.79 and its 200-day simple moving average is $31.86. 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 $21.52 and a 52 week high of $38.15. The stock has a market cap of $310.82 million, a PE ratio of 10.94 and a beta of 0.72.
ChoiceOne Financial Services Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Friday, December 13th. This is an increase from ChoiceOne Financial Services's previous quarterly dividend of $0.27. ChoiceOne Financial Services's dividend payout ratio is currently 35.33%.
About ChoiceOne Financial Services
(
Free Report)
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.
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