Curi RMB Capital LLC Takes $2.19 Million Position in ChoiceOne Financial Services, Inc. (NASDAQ:COFS)

Curi RMB Capital LLC bought a new position in shares of ChoiceOne Financial Services, Inc. (NASDAQ:COFS - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 70,928 shares of the company's stock, valued at approximately $2,192,000. Curi RMB Capital LLC owned about 0.79% of ChoiceOne Financial Services at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Mattson Financial Services LLC purchased a new position in ChoiceOne Financial Services during the second quarter worth $47,000. Renaissance Technologies LLC raised its stake in ChoiceOne Financial Services by 7.3% in the 2nd quarter. Renaissance Technologies LLC now owns 19,000 shares of the company's stock valued at $544,000 after purchasing an additional 1,300 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in ChoiceOne Financial Services by 7.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 21,720 shares of the company's stock valued at $622,000 after purchasing an additional 1,425 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of ChoiceOne Financial Services by 7.9% during the first quarter. Empowered Funds LLC now owns 23,920 shares of the company's stock worth $654,000 after buying an additional 1,750 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of ChoiceOne Financial Services by 0.8% in the first quarter. Vanguard Group Inc. now owns 350,690 shares of the company's stock valued at $9,591,000 after buying an additional 2,871 shares during the last quarter. 19.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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.

ChoiceOne Financial Services Trading Down 0.1 %

Shares of NASDAQ:COFS traded down $0.05 during midday trading on Friday, reaching $35.54. The company's stock had a trading volume of 33,768 shares, compared to its average volume of 20,583. The business has a 50 day moving average price of $31.82 and a 200 day moving average price of $28.78. ChoiceOne Financial Services, Inc. has a 1 year low of $21.52 and a 1 year high of $37.00. The firm has a market cap of $318.37 million, a price-to-earnings ratio of 11.21 and a beta of 0.69. The company has a quick ratio of 0.72, a current ratio of 0.74 and a debt-to-equity ratio of 0.99.

ChoiceOne Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.08 annualized dividend and a dividend yield of 3.04%. ChoiceOne Financial Services's dividend payout ratio is presently 34.07%.

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.