BNP Paribas Financial Markets Purchases Shares of 9,864 ChoiceOne Financial Services, Inc. (NASDAQ:COFS)

BNP Paribas Financial Markets bought a new stake in ChoiceOne Financial Services, Inc. (NASDAQ:COFS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,864 shares of the company's stock, valued at approximately $352,000. BNP Paribas Financial Markets owned about 0.11% of ChoiceOne Financial Services at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Globeflex Capital L P acquired a new position in ChoiceOne Financial Services in the fourth quarter valued at about $107,000. SG Americas Securities LLC acquired a new position in ChoiceOne Financial Services in the fourth quarter valued at about $123,000. Wells Fargo & Company MN lifted its position in ChoiceOne Financial Services by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 4,891 shares of the company's stock valued at $174,000 after buying an additional 1,065 shares during the last quarter. Hsbc Holdings PLC acquired a new position in ChoiceOne Financial Services in the fourth quarter valued at about $260,000. Finally, Trexquant Investment LP acquired a new position in ChoiceOne Financial Services in the fourth quarter valued at about $268,000. Institutional investors and hedge funds own 19.90% of the company's stock.

ChoiceOne Financial Services Stock Up 0.4%

Shares of COFS traded up $0.13 during mid-day trading on Friday, hitting $29.67. 52,081 shares of the company's stock were exchanged, compared to its average volume of 36,926. The company has a market cap of $444.58 million, a price-to-earnings ratio of 9.10 and a beta of 0.56. ChoiceOne Financial Services, Inc. has a fifty-two week low of $24.01 and a fifty-two week high of $38.15. 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's 50-day moving average is $28.13 and its 200-day moving average is $31.84.

ChoiceOne Financial Services (NASDAQ:COFS - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. ChoiceOne Financial Services had a net margin of 19.21% and a return on equity of 12.44%. The firm had revenue of $31.23 million for the quarter, compared to analyst estimates of $29.70 million. On average, sell-side analysts anticipate that ChoiceOne Financial Services, Inc. will post 3.67 earnings per share for the current fiscal year.

ChoiceOne Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, June 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.77%. ChoiceOne Financial Services's payout ratio is 91.06%.

Analysts Set New Price Targets

Several analysts have recently issued reports on COFS shares. Hovde Group started coverage on shares of ChoiceOne Financial Services in a research report on Monday, March 10th. They set an "outperform" rating and a $35.00 price target on the stock. Janney Montgomery Scott raised shares of ChoiceOne Financial Services from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd.

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.