Q1 Earnings Forecast for COFS Issued By DA Davidson

ChoiceOne Financial Services, Inc. (NASDAQ:COFS) – Equities research analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for ChoiceOne Financial Services in a report issued on Tuesday, January 28th. DA Davidson analyst J. Rulis forecasts that the company will post earnings per share of $0.83 for the quarter. DA Davidson currently has a “Buy” rating and a $39.00 target price 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 Stock Down 1.0 %

COFS stock opened at $33.80 on Wednesday. The stock has a market capitalization of $302.85 million, a P/E ratio of 10.37 and a beta of 0.72. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.74 and a quick ratio of 0.74. ChoiceOne Financial Services has a 1-year low of $21.52 and a 1-year high of $38.15. The business has a fifty day moving average price of $35.61 and a 200-day moving average price of $32.24.

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

Institutional Trading of ChoiceOne Financial Services

A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in ChoiceOne Financial Services by 7.3% in the second quarter. Renaissance Technologies LLC now owns 19,000 shares of the company’s stock worth $544,000 after purchasing an additional 1,300 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of ChoiceOne Financial Services by 4.9% during the 4th quarter. Empowered Funds LLC now owns 28,389 shares of the company’s stock valued at $1,012,000 after buying an additional 1,329 shares during the period. 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 stake in shares of ChoiceOne Financial Services in the fourth quarter worth $123,000. Finally, Charles Schwab Investment Management Inc. increased its position in ChoiceOne Financial Services by 21.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,443 shares of the company’s stock valued at $694,000 after acquiring an additional 3,986 shares during the last quarter. 19.90% of the stock is currently owned by institutional investors.

ChoiceOne Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, December 13th. This represents a $1.12 annualized dividend and a yield of 3.31%. This is a boost from ChoiceOne Financial Services’s previous quarterly dividend of $0.27. ChoiceOne Financial Services’s dividend payout ratio is currently 34.36%.

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.