ChoiceOne Financial Services, Inc. (NASDAQ:COFS - Free Report) - DA Davidson issued their Q1 2025 earnings estimates for ChoiceOne Financial Services in a research report issued on Tuesday, January 28th. DA Davidson analyst J. Rulis forecasts that the company will post earnings of $0.83 per share for the quarter. DA Davidson has a "Buy" rating and a $39.00 price objective on the stock. The consensus estimate for ChoiceOne Financial Services' current full-year earnings is $3.67 per share. DA Davidson also issued estimates for ChoiceOne Financial Services' FY2025 earnings at $3.85 EPS.
ChoiceOne Financial Services Stock Performance
Shares of ChoiceOne Financial Services stock traded down $0.35 during trading on Wednesday, reaching $33.51. The company's stock had a trading volume of 27,224 shares, compared to its average volume of 21,752. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.74 and a current ratio of 0.74. The business's fifty day moving average price is $35.45 and its 200-day moving average price is $32.30. The firm has a market cap of $300.25 million, a price-to-earnings ratio of 10.28 and a beta of 0.72. ChoiceOne Financial Services has a one year low of $21.52 and a one year high of $38.15.
ChoiceOne Financial Services (NASDAQ:COFS - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The company reported $0.83 earnings per share (EPS) for the quarter, topping 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%.
ChoiceOne Financial Services Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.28 per share. The ex-dividend date was Friday, December 13th. This represents a $1.12 dividend on an annualized basis and a yield of 3.34%. This is a positive change from ChoiceOne Financial Services's previous quarterly dividend of $0.27. ChoiceOne Financial Services's payout ratio is 34.36%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in shares of 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 buying an additional 1,300 shares in the last quarter. Mattson Financial Services LLC bought a new stake in shares of ChoiceOne Financial Services during the second quarter worth $47,000. Curi RMB Capital LLC bought a new stake in ChoiceOne Financial Services during the 3rd quarter worth about $2,192,000. Empowered Funds LLC increased its holdings in shares of ChoiceOne Financial Services by 5.2% in the third quarter. Empowered Funds LLC now owns 27,060 shares of the company's stock valued at $836,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of ChoiceOne Financial Services in the 3rd quarter valued at $1,093,000. Institutional investors and hedge funds own 19.90% of the company's stock.
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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