Segall Bryant & Hamill LLC Has $2.18 Million Position in ChoiceOne Financial Services, Inc. (NASDAQ:COFS)

Segall Bryant & Hamill LLC raised its position in shares of ChoiceOne Financial Services, Inc. (NASDAQ:COFS - Free Report) by 73.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,219 shares of the company's stock after purchasing an additional 25,846 shares during the period. Segall Bryant & Hamill LLC owned 0.68% of ChoiceOne Financial Services worth $2,182,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC raised its position in ChoiceOne Financial Services by 21.2% during the third quarter. Geode Capital Management LLC now owns 187,342 shares of the company's stock valued at $5,792,000 after acquiring an additional 32,725 shares in the last quarter. State Street Corp raised its holdings in shares of ChoiceOne Financial Services by 6.8% during the 3rd quarter. State Street Corp now owns 97,095 shares of the company's stock valued at $3,001,000 after purchasing an additional 6,209 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of ChoiceOne Financial Services during the 4th quarter valued at $123,000. Charles Schwab Investment Management Inc. lifted its stake in shares of ChoiceOne Financial Services by 21.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,443 shares of the company's stock valued at $694,000 after purchasing an additional 3,986 shares during the last quarter. Finally, Barclays PLC boosted its holdings in ChoiceOne Financial Services by 173.3% in the third quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $412,000 after purchasing an additional 8,463 shares in the last quarter. 19.90% of the stock is currently owned by institutional investors and hedge funds.

ChoiceOne Financial Services Stock Performance

COFS stock traded down $0.39 during mid-day trading on Tuesday, reaching $28.38. 65,727 shares of the stock traded hands, compared to its average volume of 27,617. The firm has a market capitalization of $254.54 million, a PE ratio of 8.71 and a beta of 0.72. The business has a 50-day moving average of $31.42 and a two-hundred day moving average of $33.04. ChoiceOne Financial Services, Inc. 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.

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 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%. As a group, equities analysts predict that ChoiceOne Financial Services, Inc. will post 3.67 EPS for the current fiscal year.

ChoiceOne Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.12 annualized dividend and a dividend yield of 3.95%. ChoiceOne Financial Services's payout ratio is 34.36%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on COFS shares. Janney Montgomery Scott raised ChoiceOne Financial Services from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. Hovde Group started coverage on ChoiceOne Financial Services in a report on Monday, March 10th. They issued an "outperform" rating and a $35.00 target price for the company. Finally, DA Davidson lowered their price target on ChoiceOne Financial Services from $41.00 to $39.00 and set a "buy" rating on the stock in a report on Monday, January 27th.

ChoiceOne Financial Services 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.