ChoiceOne Financial Services (COFS) to Release Earnings on Thursday

ChoiceOne Financial Services (NASDAQ:COFS - Get Free Report) is expected to announce its Q2 2025 earnings results before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $0.81 per share and revenue of $38.95 million for the quarter.

ChoiceOne Financial Services (NASDAQ:COFS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. ChoiceOne Financial Services had a return on equity of 10.93% and a net margin of 4.74%. The company had revenue of $31.23 million for the quarter, compared to analysts' expectations of $29.70 million. On average, analysts expect ChoiceOne Financial Services to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ChoiceOne Financial Services Price Performance

NASDAQ:COFS traded up $0.30 during midday trading on Thursday, hitting $29.26. 69,103 shares of the stock were exchanged, compared to its average volume of 53,360. ChoiceOne Financial Services has a one year low of $24.89 and a one year high of $38.15. The company has a market capitalization of $438.43 million, a price-to-earnings ratio of 23.79 and a beta of 0.55. The business has a 50-day moving average price of $29.38 and a two-hundred day moving average price of $30.22. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43.

ChoiceOne Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, June 13th. This represents a $1.12 annualized dividend and a yield of 3.83%. ChoiceOne Financial Services's payout ratio is 91.06%.

Institutional Investors Weigh In On ChoiceOne Financial Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in ChoiceOne Financial Services by 8.1% during the first quarter. Empowered Funds LLC now owns 30,701 shares of the company's stock worth $883,000 after purchasing an additional 2,312 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in ChoiceOne Financial Services during the first quarter worth approximately $195,000. Finally, Jane Street Group LLC bought a new stake in ChoiceOne Financial Services during the first quarter worth approximately $477,000. Institutional investors own 19.90% of the company's stock.

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.