Equities Analysts Issue Forecasts for COFS Q1 Earnings

ChoiceOne Financial Services, Inc. (NASDAQ:COFS) – Stock analysts at DA Davidson issued their Q1 2025 earnings per share estimates for shares of ChoiceOne Financial Services in a research note issued on Tuesday, January 28th. DA Davidson analyst J. Rulis forecasts that the company will earn $0.83 per share for the quarter. DA Davidson has a “Buy” rating and a $39.00 price target on the stock. The consensus estimate for ChoiceOne Financial Services’ current full-year earnings is $3.80 per share. DA Davidson also issued estimates for ChoiceOne Financial Services’ FY2025 earnings at $3.85 EPS.

ChoiceOne Financial Services Price Performance

COFS opened at $33.70 on Wednesday. The company’s 50-day simple moving average is $35.56 and its two-hundred day simple moving average is $32.25. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $301.95 million, a P/E ratio of 10.34 and a beta of 0.72. ChoiceOne Financial Services has a 52-week low of $21.52 and a 52-week high of $38.15.

ChoiceOne Financial Services (NASDAQ:COFS) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. ChoiceOne Financial Services had a return on equity of 12.44% and a net margin of 19.21%.

ChoiceOne Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.28 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.12 annualized dividend and a yield of 3.32%. This is a boost from ChoiceOne Financial Services’s previous quarterly dividend of $0.27. ChoiceOne Financial Services’s dividend payout ratio (DPR) is currently 34.36%.

Institutional Investors Weigh In On ChoiceOne Financial Services

Large investors have recently added to or reduced their stakes in the stock. Mattson Financial Services LLC purchased a new position in shares of ChoiceOne Financial Services in the 2nd quarter worth $47,000. SG Americas Securities LLC bought a new position in ChoiceOne Financial Services in the fourth quarter valued at about $123,000. JPMorgan Chase & Co. lifted its holdings in ChoiceOne Financial Services by 157.1% in the third quarter. JPMorgan Chase & Co. now owns 10,887 shares of the company’s stock valued at $337,000 after acquiring an additional 6,652 shares during the period. Barclays PLC boosted its position 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 during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of ChoiceOne Financial Services by 7.3% during the 2nd quarter. Renaissance Technologies LLC now owns 19,000 shares of the company’s stock valued at $544,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 19.90% of the company’s stock.

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.