ChoiceOne Financial Services (NASDAQ:COFS – Get Free Report) posted its earnings results on Friday. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.12, FiscalAI reports. ChoiceOne Financial Services had a net margin of 22.77% and a return on equity of 12.04%. The firm had revenue of $45.19 million for the quarter, compared to the consensus estimate of $44.50 million.
ChoiceOne Financial Services Price Performance
COFS stock opened at $35.45 on Friday. The firm has a 50 day moving average of $33.40 and a 200-day moving average of $31.51. ChoiceOne Financial Services has a 12-month low of $26.63 and a 12-month high of $37.10. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The company has a market cap of $530.33 million, a price-to-earnings ratio of 9.77 and a beta of 0.61.
ChoiceOne Financial Services Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.16 dividend on an annualized basis and a yield of 3.3%. ChoiceOne Financial Services’s dividend payout ratio (DPR) is 31.96%.
Analysts Set New Price Targets
Several research analysts have weighed in on COFS shares. Weiss Ratings reiterated a “buy (b)” rating on shares of ChoiceOne Financial Services in a research note on Friday, September 25th. DA Davidson raised their price target on ChoiceOne Financial Services from $36.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Finally, Hovde Group upped their price objective on ChoiceOne Financial Services from $32.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, ChoiceOne Financial Services presently has an average rating of “Moderate Buy” and a consensus target price of $36.50.
Read Our Latest Stock Report on ChoiceOne Financial Services
ChoiceOne Financial Services Company Profile
ChoiceOne Financial Services, Inc (NASDAQ: COFS) is the bank holding company for ChoiceOne Bank, a community banking organization headquartered in Sparta, Michigan. The company serves individuals, families, farmers and businesses through a network of branches and digital banking channels primarily across western and central Michigan.
ChoiceOne Bank provides a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, residential mortgages, home equity financing, consumer loans and commercial lending.
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