ChoiceOne Financial Services (NASDAQ:COFS) Price Target Raised to $35.00

Posted by Stanley Muller on Jul 30th, 2026

ChoiceOne Financial Services (NASDAQ:COFS – Free Report) had its target price boosted by Hovde Group from $32.00 to $35.00 in a research report report published on Monday morning, Marketbeat reports. They currently have a market perform rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings raised ChoiceOne Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. DA Davidson upped their price objective on shares of ChoiceOne Financial Services from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, ChoiceOne Financial Services presently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

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ChoiceOne Financial Services Stock Performance

NASDAQ COFS opened at $34.37 on Monday. The firm’s fifty day moving average price is $32.73 and its two-hundred day moving average price is $30.46. The stock has a market cap of $514.86 million, a PE ratio of 9.47 and a beta of 0.59. ChoiceOne Financial Services has a fifty-two week low of $26.09 and a fifty-two week high of $35.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.83 and a current ratio of 0.83.

ChoiceOne Financial Services (NASDAQ:COFS – Get Free Report) last posted its earnings results on Friday, July 24th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.05). ChoiceOne Financial Services had a net margin of 22.77% and a return on equity of 12.18%. The firm had revenue of $41.64 million during the quarter, compared to the consensus estimate of $43.45 million. On average, equities analysts expect that ChoiceOne Financial Services will post 3.64 EPS for the current fiscal year.

ChoiceOne Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.29 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.16 annualized dividend and a yield of 3.4%. ChoiceOne Financial Services’s dividend payout ratio is presently 31.96%.

Hedge Funds Weigh In On ChoiceOne Financial Services

Large investors have recently modified their holdings of the company. Jacobs Asset Management LLC raised its stake in shares of ChoiceOne Financial Services by 19.7% in the first quarter. Jacobs Asset Management LLC now owns 196,227 shares of the company’s stock worth $5,518,000 after purchasing an additional 32,330 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of ChoiceOne Financial Services by 22.9% during the fourth quarter. Hsbc Holdings PLC now owns 26,903 shares of the company’s stock valued at $790,000 after buying an additional 5,017 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of ChoiceOne Financial Services during the fourth quarter valued at approximately $185,000. JPMorgan Chase & Co. grew its holdings in ChoiceOne Financial Services by 9.2% during the third quarter. JPMorgan Chase & Co. now owns 59,001 shares of the company’s stock worth $1,709,000 after buying an additional 4,982 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in ChoiceOne Financial Services during the third quarter worth $46,000. 19.90% of the stock is currently owned by institutional investors.

ChoiceOne Financial Services Company Profile

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ChoiceOne Financial Services, Inc is a bank holding company headquartered in Jackson, Michigan. Through its subsidiary, ChoiceOne Bank, it provides a full suite of banking and financial services to individuals, families, and businesses. The company’s primary operations are concentrated in community banking, spanning retail deposits, commercial and consumer lending, mortgage origination, and treasury management solutions.

ChoiceOne Bank offers checking and savings accounts, certificates of deposit, and online and mobile banking platforms designed to meet the needs of its customers.