ChoiceOne Financial Services (COFS) Stock Forecast, Price & News

ChoiceOne Financial Services' stock was trading at $29.00 on January 1st, 2023. Since then, COFS shares have decreased by 27.6% and is now trading at $21.00.
View the best growth stocks for 2023 here.

ChoiceOne Financial Services saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 37,000 shares, a decrease of 6.8% from the April 30th total of 39,700 shares. Based on an average daily volume of 9,600 shares, the days-to-cover ratio is currently 3.9 days. Approximately 0.6% of the company's stock are sold short.
View ChoiceOne Financial Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our COFS earnings forecast.

ChoiceOne Financial Services, Inc. (NASDAQ:COFS) released its quarterly earnings data on Wednesday, April, 26th. The company reported $0.75 EPS for the quarter. The company earned $20.68 million during the quarter. ChoiceOne Financial Services had a net margin of 25.57% and a trailing twelve-month return on equity of 14.38%.

ChoiceOne Financial Services announced a quarterly dividend on Wednesday, May 24th. Investors of record on Thursday, June 15th will be paid a dividend of $0.26 per share on Friday, June 30th. This represents a $1.04 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for COFS.

ChoiceOne Financial Services (NASDAQ:COFS) pays an annual dividend of $1.04 per share and currently has a dividend yield of 4.96%. COFS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.91%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for COFS.

ChoiceOne Financial Services trades on the NASDAQ under the ticker symbol "COFS."

ChoiceOne Financial Services' stock is owned by many different institutional and retail investors. Top institutional shareholders include Fourthstone LLC (2.18%), Geode Capital Management LLC (0.78%), Susquehanna International Group LLP (0.52%), BlackRock Inc. (0.46%), Renaissance Technologies LLC (0.21%) and Jane Street Group LLC (0.21%). Insiders that own company stock include Adom Greenland and Paul L Johnson.

Shares of COFS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of COFS stock can currently be purchased for approximately $21.00.

ChoiceOne Financial Services (NASDAQ:COFS) has a market capitalization of $157.92 million and generates $89.13 million in revenue each year. The company earns $23.64 million in net income (profit) each year or $3.16 on an earnings per share basis.

The company employs 320 workers across the globe.

ChoiceOne Financial Services' mailing address is 109 E DIVISION P O BOX 186, SPARTA MI, 49345. The official website for the company is www.choiceone.com. The company can be reached via phone at (616) 887-7366 or via email at tlampen@choiceone.com.