DA Davidson Has Bearish Forecast for COFS Q2 Earnings

ChoiceOne Financial Services, Inc. (NASDAQ:COFS - Free Report) - Research analysts at DA Davidson reduced their Q2 2025 earnings estimates for shares of ChoiceOne Financial Services in a research note issued to investors on Friday, June 27th. DA Davidson analyst J. Rulis now expects that the company will post earnings per share of $0.78 for the quarter, down from their prior forecast of $0.80. The consensus estimate for ChoiceOne Financial Services' current full-year earnings is $3.67 per share. DA Davidson also issued estimates for ChoiceOne Financial Services' FY2026 earnings at $3.50 EPS.

A number of other equities analysts also recently commented on COFS. Janney Montgomery Scott upgraded shares of ChoiceOne Financial Services from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd. Hovde Group assumed coverage on shares of ChoiceOne Financial Services in a research note on Monday, March 10th. They set an "outperform" rating and a $35.00 price objective for the company.

ChoiceOne Financial Services Stock Performance

COFS stock opened at $29.07 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50-day moving average price of $28.93 and a 200 day moving average price of $30.69. The company has a market capitalization of $435.47 million, a P/E ratio of 23.63 and a beta of 0.56. ChoiceOne Financial Services has a 1-year low of $24.89 and a 1-year high of $38.15.

ChoiceOne Financial Services (NASDAQ:COFS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $31.23 million for the quarter, compared to analyst estimates of $29.70 million. ChoiceOne Financial Services had a net margin of 4.74% and a return on equity of 10.93%.

ChoiceOne Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, June 13th. This represents a $1.12 annualized dividend and a dividend yield of 3.85%. ChoiceOne Financial Services's dividend payout ratio (DPR) is presently 91.06%.

Hedge Funds Weigh In On ChoiceOne Financial Services

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in ChoiceOne Financial Services by 35,137.5% during the first quarter. GAMMA Investing LLC now owns 2,819 shares of the company's stock valued at $81,000 after acquiring an additional 2,811 shares in the last quarter. Mattson Financial Services LLC increased its holdings in ChoiceOne Financial Services by 58.0% in the 4th quarter. Mattson Financial Services LLC now owns 2,575 shares of the company's stock worth $92,000 after acquiring an additional 945 shares in the last quarter. Globeflex Capital L P acquired a new position in shares of ChoiceOne Financial Services during the 4th quarter worth about $107,000. Wells Fargo & Company MN boosted its stake in shares of ChoiceOne Financial Services by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 4,891 shares of the company's stock worth $174,000 after acquiring an additional 1,065 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in ChoiceOne Financial Services during the 1st quarter worth $195,000. Institutional investors and hedge funds 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.

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