ChoiceOne Financial Services (NASDAQ:COFS - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.82 per share for the quarter.
ChoiceOne Financial Services Trading Up 2.5 %
NASDAQ:COFS traded up $0.85 on Wednesday, reaching $34.83. 18,499 shares of the company's stock were exchanged, compared to its average volume of 23,666. The firm has a market capitalization of $312.08 million, a price-to-earnings ratio of 10.99 and a beta of 0.71. ChoiceOne Financial Services has a 52-week low of $21.52 and a 52-week high of $38.15. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average of $35.84 and a 200-day moving average of $31.73.
ChoiceOne Financial Services Increases Dividend
The firm 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. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.22%. This is a boost from ChoiceOne Financial Services's previous quarterly dividend of $0.27. ChoiceOne Financial Services's payout ratio is 34.07%.
Analyst Upgrades and Downgrades
Separately, DA Davidson started coverage on shares of ChoiceOne Financial Services in a research report on Friday, October 18th. They issued a "buy" rating and a $37.00 price target for the company.
Get Our Latest Report on ChoiceOne Financial Services
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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