ChoiceOne Financial Services (COFS) Expected to Announce Quarterly Earnings on Wednesday

ChoiceOne Financial Services (NASDAQ:COFS) is expected to be posting its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.82 per share for the quarter.

ChoiceOne Financial Services Stock Performance

COFS opened at $34.69 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $310.82 million, a price-to-earnings ratio of 10.94 and a beta of 0.72. The business’s 50-day moving average price is $35.79 and its two-hundred day moving average price is $31.86. ChoiceOne Financial Services has a 1 year low of $21.52 and a 1 year high of $38.15.

ChoiceOne Financial Services Increases Dividend

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

Analysts Set New Price Targets

Separately, DA Davidson started 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 objective for the company.

ChoiceOne Financial Services Company 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.