Segall Bryant & Hamill LLC increased its holdings in shares of ChoiceOne Financial Services, Inc. (NASDAQ:COFS - Free Report) by 73.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,219 shares of the company's stock after acquiring an additional 25,846 shares during the period. Segall Bryant & Hamill LLC owned about 0.68% of ChoiceOne Financial Services worth $2,182,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Globeflex Capital L P acquired a new position in ChoiceOne Financial Services during the fourth quarter worth $107,000. SG Americas Securities LLC bought a new stake in shares of ChoiceOne Financial Services in the 4th quarter worth about $123,000. Rhumbline Advisers increased its position in shares of ChoiceOne Financial Services by 8.1% during the 4th quarter. Rhumbline Advisers now owns 8,165 shares of the company's stock worth $291,000 after purchasing an additional 611 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in ChoiceOne Financial Services by 157.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,887 shares of the company's stock valued at $337,000 after purchasing an additional 6,652 shares during the last quarter. Finally, Barclays PLC boosted its position in ChoiceOne Financial Services by 173.3% in the third quarter. Barclays PLC now owns 13,347 shares of the company's stock valued at $412,000 after buying an additional 8,463 shares in the last quarter. Institutional investors own 19.90% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on COFS. DA Davidson dropped their price objective on shares of ChoiceOne Financial Services from $41.00 to $39.00 and set a "buy" rating for the company in a report on Monday, January 27th. Hovde Group initiated coverage on ChoiceOne Financial Services in a report on Monday, March 10th. They set an "outperform" rating and a $35.00 price target for the company. Finally, Janney Montgomery Scott upgraded ChoiceOne Financial Services from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd.
Check Out Our Latest Stock Report on COFS
ChoiceOne Financial Services Price Performance
Shares of NASDAQ COFS traded up $0.04 during trading on Tuesday, reaching $28.81. The company had a trading volume of 5,925 shares, compared to its average volume of 27,346. ChoiceOne Financial Services, Inc. has a 52 week low of $21.52 and a 52 week high of $38.15. The business's 50 day moving average price is $31.56 and its 200-day moving average price is $33.05. The stock has a market cap of $258.35 million, a PE ratio of 8.84 and a beta of 0.72. 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 (NASDAQ:COFS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $0.83 earnings per share (EPS) 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%. Analysts expect that ChoiceOne Financial Services, Inc. will post 3.67 earnings per share for the current year.
ChoiceOne Financial Services Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Friday, March 14th. ChoiceOne Financial Services's dividend payout ratio (DPR) is currently 34.36%.
ChoiceOne Financial Services Company Profile
(
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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