Barclays PLC Has $412,000 Position in ChoiceOne Financial Services, Inc. (NASDAQ:COFS)

Barclays PLC grew its stake in ChoiceOne Financial Services, Inc. (NASDAQ:COFS) by 173.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,347 shares of the company’s stock after purchasing an additional 8,463 shares during the period. Barclays PLC owned approximately 0.15% of ChoiceOne Financial Services worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of COFS. Geode Capital Management LLC boosted its stake in ChoiceOne Financial Services by 21.2% in the third quarter. Geode Capital Management LLC now owns 187,342 shares of the company’s stock worth $5,792,000 after purchasing an additional 32,725 shares in the last quarter. Zacks Investment Management acquired a new stake in ChoiceOne Financial Services in the third quarter worth about $3,625,000. State Street Corp raised its holdings in ChoiceOne Financial Services by 6.8% during the 3rd quarter. State Street Corp now owns 97,095 shares of the company’s stock worth $3,001,000 after purchasing an additional 6,209 shares during the last quarter. Jacobs Asset Management LLC acquired a new position in ChoiceOne Financial Services during the 3rd quarter valued at about $3,091,000. Finally, Fourthstone LLC bought a new position in shares of ChoiceOne Financial Services in the 3rd quarter valued at about $10,962,000. 19.90% of the stock is currently owned by institutional investors and hedge funds.

ChoiceOne Financial Services Stock Up 0.4 %

NASDAQ:COFS opened at $34.69 on Friday. The stock’s fifty day simple moving average is $35.79 and its 200-day simple moving average is $31.84. The firm has a market capitalization of $310.82 million, a P/E ratio of 10.94 and a beta of 0.72. 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, Inc. has a 12-month low of $21.52 and a 12-month high of $38.15.

ChoiceOne Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.28 per share. This is a positive change from ChoiceOne Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.12 annualized dividend and a yield of 3.23%. ChoiceOne Financial Services’s dividend payout ratio (DPR) is presently 35.33%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson initiated coverage on shares of ChoiceOne Financial Services in a research note on Friday, October 18th. They set a “buy” rating and a $37.00 price target for the company.

About ChoiceOne Financial Services

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.