Cerity Partners LLC Buys Shares of 46,124 ChoiceOne Financial Services, Inc. (NASDAQ:COFS)

Cerity Partners LLC purchased a new stake in shares of ChoiceOne Financial Services, Inc. (NASDAQ:COFS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 46,124 shares of the company's stock, valued at approximately $1,351,000. Cerity Partners LLC owned approximately 0.61% of ChoiceOne Financial Services at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Group Holdings Inc. raised its position in shares of ChoiceOne Financial Services by 468.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,251 shares of the company's stock valued at $36,000 after acquiring an additional 1,031 shares in the last quarter. Bank of America Corp DE raised its position in shares of ChoiceOne Financial Services by 474.1% during the 1st quarter. Bank of America Corp DE now owns 1,952 shares of the company's stock valued at $49,000 after acquiring an additional 1,612 shares in the last quarter. California State Teachers Retirement System acquired a new stake in shares of ChoiceOne Financial Services during the 2nd quarter valued at approximately $53,000. Wells Fargo & Company MN raised its position in shares of ChoiceOne Financial Services by 5,443.8% during the 2nd quarter. Wells Fargo & Company MN now owns 2,661 shares of the company's stock valued at $61,000 after acquiring an additional 2,613 shares in the last quarter. Finally, Citigroup Inc. acquired a new stake in shares of ChoiceOne Financial Services during the 4th quarter valued at approximately $83,000. 19.90% of the stock is owned by institutional investors and hedge funds.

ChoiceOne Financial Services Stock Performance

Shares of COFS stock traded up $1.41 on Friday, hitting $24.11. 5,740 shares of the stock traded hands, compared to its average volume of 7,865. The company has a market capitalization of $182.27 million, a PE ratio of 8.55 and a beta of 0.65. The company's fifty day moving average is $25.76 and its 200 day moving average is $25.25. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.68 and a quick ratio of 0.67. ChoiceOne Financial Services, Inc. has a 1-year low of $15.84 and a 1-year high of $32.14.

ChoiceOne Financial Services (NASDAQ:COFS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.06. The firm had revenue of $20.60 million during the quarter, compared to the consensus estimate of $20.10 million. ChoiceOne Financial Services had a return on equity of 11.73% and a net margin of 18.67%. On average, equities research analysts predict that ChoiceOne Financial Services, Inc. will post 2.9 earnings per share for the current fiscal year.

ChoiceOne Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.08 dividend on an annualized basis and a yield of 4.48%. ChoiceOne Financial Services's payout ratio is currently 38.30%.

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.