JPMorgan Chase & Co. lifted its stake in shares of ChoiceOne Financial Services, Inc. (NASDAQ:COFS - Free Report) by 172.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,698 shares of the company's stock after purchasing an additional 18,811 shares during the period. JPMorgan Chase & Co. owned about 0.33% of ChoiceOne Financial Services worth $1,058,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of ChoiceOne Financial Services by 9.2% in the fourth quarter. Vanguard Group Inc. now owns 438,579 shares of the company's stock valued at $15,631,000 after acquiring an additional 36,909 shares in the last quarter. Geode Capital Management LLC lifted its position in ChoiceOne Financial Services by 21.2% in the third quarter. Geode Capital Management LLC now owns 187,342 shares of the company's stock worth $5,792,000 after purchasing an additional 32,725 shares during the period. State Street Corp boosted its stake in ChoiceOne Financial Services by 6.8% during the 3rd quarter. State Street Corp now owns 97,095 shares of the company's stock valued at $3,001,000 after purchasing an additional 6,209 shares in the last quarter. American Century Companies Inc. increased its position in shares of ChoiceOne Financial Services by 401.9% during the 4th quarter. American Century Companies Inc. now owns 69,842 shares of the company's stock valued at $2,489,000 after purchasing an additional 55,926 shares during the period. Finally, Segall Bryant & Hamill LLC raised its stake in shares of ChoiceOne Financial Services by 73.1% in the 4th quarter. Segall Bryant & Hamill LLC now owns 61,219 shares of the company's stock worth $2,182,000 after buying an additional 25,846 shares in the last quarter. 19.90% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
COFS has been the topic of several research reports. Janney Montgomery Scott upgraded shares of ChoiceOne Financial Services from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. DA Davidson dropped their price target on ChoiceOne Financial Services from $41.00 to $39.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Finally, Hovde Group began coverage on ChoiceOne Financial Services in a report on Monday, March 10th. They issued an "outperform" rating and a $35.00 target price on the stock.
Get Our Latest Research Report on COFS
ChoiceOne Financial Services Trading Up 1.3 %
Shares of COFS traded up $0.37 during midday trading on Friday, hitting $29.13. The stock had a trading volume of 5,729 shares, compared to its average volume of 32,249. The business has a 50-day simple moving average of $28.30 and a two-hundred day simple moving average of $32.38. The firm has a market cap of $261.22 million, a P/E ratio of 8.93 and a beta of 0.61. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.99. ChoiceOne Financial Services, Inc. has a fifty-two week low of $23.71 and a fifty-two week high of $38.15.
ChoiceOne Financial Services (NASDAQ:COFS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm had revenue of $31.23 million for the quarter, compared to analysts' expectations of $29.70 million. ChoiceOne Financial Services had a net margin of 19.21% and a return on equity of 12.44%. As a group, equities analysts forecast that ChoiceOne Financial Services, Inc. will post 3.67 EPS for the current year.
ChoiceOne Financial Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.85%. The ex-dividend date was Friday, March 14th. ChoiceOne Financial Services's payout ratio is 34.36%.
ChoiceOne Financial Services Company Profile
(
Free Report)
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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