ChoiceOne Financial Services, Inc. (NASDAQ:COFS) CEO Purchases $53,460.00 in Stock

ChoiceOne Financial Services, Inc. (NASDAQ:COFS) CEO Kelly Potes bought 2,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $26.73 per share, for a total transaction of $53,460.00. Following the completion of the transaction, the chief executive officer now owns 5,000 shares in the company, valued at $133,650. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kelly Potes also recently made the following trade(s):

• On Thursday, July 25th, Kelly Potes purchased 2,000 shares of ChoiceOne Financial Services stock. The stock was purchased at an average cost of $25.00 per share, with a total value of $50,000.00.

ChoiceOne Financial Services Price Performance

Shares of COFS opened at $26.84 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $203.21 million, a PE ratio of 9.55 and a beta of 0.69. The firm’s 50 day moving average price is $26.99 and its 200 day moving average price is $26.34. ChoiceOne Financial Services, Inc. has a twelve month low of $15.84 and a twelve month high of $32.14.

ChoiceOne Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, June 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.02%. ChoiceOne Financial Services’s dividend payout ratio is currently 38.43%.

Institutional Investors Weigh In On ChoiceOne Financial Services

Several institutional investors and hedge funds have recently modified their holdings of COFS. Cerity Partners LLC acquired a new position in ChoiceOne Financial Services during the fourth quarter worth $1,351,000. SG Americas Securities LLC bought a new stake in shares of ChoiceOne Financial Services during the 4th quarter worth about $111,000. Empowered Funds LLC increased its holdings in shares of ChoiceOne Financial Services by 7.9% during the 1st quarter. Empowered Funds LLC now owns 23,920 shares of the company’s stock valued at $654,000 after acquiring an additional 1,750 shares during the last quarter. CWM LLC increased its holdings in shares of ChoiceOne Financial Services by 33.8% during the 1st quarter. CWM LLC now owns 4,798 shares of the company’s stock valued at $131,000 after acquiring an additional 1,211 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in ChoiceOne Financial Services by 7.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 21,720 shares of the company’s stock worth $622,000 after purchasing an additional 1,425 shares during the last quarter. Institutional investors and hedge funds 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.