Brokers Set Expectations for COFS Q2 Earnings

ChoiceOne Financial Services, Inc. (NASDAQ:COFS - Free Report) - Research analysts at DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for shares of ChoiceOne Financial Services in a report issued on Thursday, May 1st. DA Davidson analyst J. Rulis expects that the company will post earnings of $0.80 per share for the quarter. DA Davidson currently has a "Buy" rating and a $39.00 price target on the stock. 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' FY2025 earnings at $3.40 EPS and FY2026 earnings at $3.65 EPS.

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

ChoiceOne Financial Services Stock Performance

Shares of NASDAQ COFS traded up $0.03 during trading hours on Friday, hitting $28.50. 22,291 shares of the stock were exchanged, compared to its average volume of 32,995. The firm has a market capitalization of $255.57 million, a P/E ratio of 8.74 and a beta of 0.56. ChoiceOne Financial Services has a one year low of $23.71 and a one year high of $38.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.74 and a quick ratio of 0.74. The company's 50 day moving average is $28.12 and its 200 day moving average is $32.33.

ChoiceOne Financial Services (NASDAQ:COFS - Get Free Report) last posted its earnings results 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. ChoiceOne Financial Services had a return on equity of 12.44% and a net margin of 19.21%. The firm had revenue of $31.23 million during the quarter, compared to analyst estimates of $29.70 million.

ChoiceOne Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.28 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.12 annualized dividend and a yield of 3.93%. ChoiceOne Financial Services's dividend payout ratio (DPR) is 91.06%.

Institutional Trading of ChoiceOne Financial Services

Several institutional investors have recently modified their holdings of COFS. 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. SG Americas Securities LLC acquired a new stake in ChoiceOne Financial Services during the fourth quarter valued at approximately $123,000. Barclays PLC lifted its position in shares of ChoiceOne Financial Services by 173.3% during the 3rd quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $412,000 after buying an additional 8,463 shares during the period. Empowered Funds LLC lifted its holdings in shares of ChoiceOne Financial Services by 4.9% during the fourth quarter. Empowered Funds LLC now owns 28,389 shares of the company's stock valued at $1,012,000 after acquiring an additional 1,329 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in ChoiceOne Financial Services by 33.0% during the fourth quarter. Bank of New York Mellon Corp now owns 27,882 shares of the company's stock worth $994,000 after buying an additional 6,921 shares during the last quarter. Institutional investors and hedge funds own 19.90% of the company's stock.

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.