ChoiceOne Financial Services (NASDAQ:COFS - Get Free Report) is expected to be issuing its quarterly earnings data 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 - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate 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 Stock Up 1.5 %
ChoiceOne Financial Services stock traded up $0.39 during midday trading on Friday, hitting $26.39. 59,741 shares of the company's stock were exchanged, compared to its average volume of 30,313. The firm has a 50-day moving average of $29.17 and a two-hundred day moving average of $32.50. ChoiceOne Financial Services has a 12 month low of $22.43 and a 12 month high of $38.15. The company has a market cap of $236.69 million, a PE ratio of 8.10 and a beta of 0.61. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.74 and a current ratio of 0.74.
ChoiceOne Financial Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Friday, March 14th. ChoiceOne Financial Services's dividend payout ratio (DPR) is 34.36%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. DA Davidson lowered their price target on shares of ChoiceOne Financial Services from $41.00 to $39.00 and set a "buy" rating on the stock in a report on Monday, January 27th. 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, Hovde Group initiated coverage on ChoiceOne Financial Services in a research report on Monday, March 10th. They set an "outperform" rating and a $35.00 price target on the stock.
Get Our Latest Research Report on COFS
About ChoiceOne Financial Services
(
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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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