What is DA Davidson's Forecast for COFS FY2026 Earnings?

Key Points

• DA Davidson has lowered its FY2026 earnings forecast for ChoiceOne Financial Services to $3.39 per share, down from a previous estimate of $3.50, while the consensus estimate remains at $3.67.
• ChoiceOne Financial Services reported an EPS of $0.91 for the latest quarter, surpassing the consensus estimate by $0.11 and generating revenue of $42.83 million, exceeding expectations.
• The company declared a quarterly dividend of $0.28, representing a yield of 3.8%, to be paid on September 30th, with a payout ratio of 88.89%.

ChoiceOne Financial Services, Inc. (NASDAQ:COFS - Free Report) - Equities researchers at DA Davidson decreased their FY2026 earnings estimates for shares of ChoiceOne Financial Services in a research report issued to clients and investors on Friday, September 26th. DA Davidson analyst J. Rulis now anticipates that the company will earn $3.39 per share for the year, down from their previous forecast of $3.50. The consensus estimate for ChoiceOne Financial Services' current full-year earnings is $3.67 per share.

ChoiceOne Financial Services (NASDAQ:COFS - Get Free Report) last released its earnings results on Friday, July 25th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $42.83 million during the quarter, compared to analysts' expectations of $38.95 million. ChoiceOne Financial Services had a net margin of 7.95% and a return on equity of 11.26%.

Several other equities analysts have also recently commented on COFS. Zacks Research upgraded shares of ChoiceOne Financial Services from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 26th. Wall Street Zen cut shares of ChoiceOne Financial Services from a "buy" rating to a "hold" rating in a research note on Friday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, ChoiceOne Financial Services currently has a consensus rating of "Moderate Buy" and an average target price of $37.00.

ChoiceOne Financial Services Price Performance

NASDAQ:COFS opened at $29.35 on Monday. The stock has a market cap of $440.84 million, a P/E ratio of 23.29 and a beta of 0.59. ChoiceOne Financial Services has a one year low of $24.89 and a one year high of $38.15. The company has a fifty day moving average price of $29.94 and a 200 day moving average price of $29.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.85.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its position in ChoiceOne Financial Services by 74.6% in the second quarter. Legal & General Group Plc now owns 1,297 shares of the company's stock worth $37,000 after purchasing an additional 554 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in ChoiceOne Financial Services by 153.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,461 shares of the company's stock worth $42,000 after purchasing an additional 884 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of ChoiceOne Financial Services by 617.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,260 shares of the company's stock worth $65,000 after purchasing an additional 1,945 shares in the last quarter. GAMMA Investing LLC increased its position in shares of ChoiceOne Financial Services by 35,137.5% during the 1st quarter. GAMMA Investing LLC now owns 2,819 shares of the company's stock worth $81,000 after purchasing an additional 2,811 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its position in shares of ChoiceOne Financial Services by 58.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,570 shares of the company's stock worth $102,000 after purchasing an additional 1,311 shares in the last quarter. Institutional investors and hedge funds own 19.90% of the company's stock.

ChoiceOne Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, September 15th. ChoiceOne Financial Services's dividend payout ratio is 88.89%.

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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