Equities Analysts Set Expectations for COFS FY2025 Earnings

ChoiceOne Financial Services, Inc. (NASDAQ:COFS) – Equities research analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for ChoiceOne Financial Services in a research report issued to clients and investors on Monday, July 28th. DA Davidson analyst J. Rulis now forecasts that the company will post earnings per share of $3.50 for the year, up from their previous forecast of $3.40. The consensus estimate for ChoiceOne Financial Services’ current full-year earnings is $3.67 per share.

Separately, Wall Street Zen upgraded shares of ChoiceOne Financial Services from a “hold” rating to a “buy” rating in a report on Saturday, July 26th.

ChoiceOne Financial Services Trading Down 1.1%

Shares of NASDAQ:COFS opened at $29.59 on Wednesday. The firm has a fifty day moving average of $29.31 and a two-hundred day moving average of $29.88. The firm has a market capitalization of $443.26 million, a P/E ratio of 23.48 and a beta of 0.55. ChoiceOne Financial Services has a 12-month low of $24.89 and a 12-month high of $38.15. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.43.

ChoiceOne Financial Services (NASDAQ:COFS) last issued its earnings results on Friday, July 25th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $42.83 million during the quarter, compared to analyst estimates of $38.95 million. ChoiceOne Financial Services had a net margin of 7.95% and a return on equity of 12.35%.

ChoiceOne Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.28 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.12 annualized dividend and a yield of 3.79%. ChoiceOne Financial Services’s dividend payout ratio (DPR) is presently 88.89%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. CWM LLC increased its holdings in shares of ChoiceOne Financial Services by 6.0% during the 2nd quarter. CWM LLC now owns 8,223 shares of the company’s stock worth $236,000 after purchasing an additional 466 shares during the period. Jane Street Group LLC bought a new position in shares of ChoiceOne Financial Services during the 1st quarter worth about $477,000. Empowered Funds LLC increased its holdings in shares of ChoiceOne Financial Services by 8.1% during the 1st quarter. Empowered Funds LLC now owns 30,701 shares of the company’s stock worth $883,000 after purchasing an additional 2,312 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of ChoiceOne Financial Services during the 1st quarter worth about $195,000. Finally, Jacobs Asset Management LLC increased its holdings in shares of ChoiceOne Financial Services by 149.9% during the 1st quarter. Jacobs Asset Management LLC now owns 156,159 shares of the company’s stock worth $4,493,000 after purchasing an additional 93,659 shares during the period. Institutional investors own 19.90% of the company’s stock.

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.