2 weeks Ago By Defense World Staff
Russell Investments Group Ltd. grew its position in shares of ChoiceOne Financial Services, Inc. ( NASDAQ:COFS – Free Report ) by 28.
1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,050 shares of the company’s stock after purchasing an additional 7,250 shares during the quarter. Russell Investments Group Ltd.
owned approximately 0.37% of ChoiceOne Financial Services worth $1,178,000 as of its most recent filing with the SEC. A number of other hedge funds and other institutional investors have also made changes to their positions in the company.
Geode Capital Management LLC increased its position in ChoiceOne Financial Services by 21.2% during the third quarter. Geode Capital Management LLC now owns 187,342 shares of the company’s stock worth $5,792,000 after buying an additional 32,725 shares during the period.
State Street Corp grew its position in shares of ChoiceOne Financial Services by 6.8% during the third quarter. State Street Corp now owns 97,095 shares of the company’s stock worth $3,001,000 after acquiring an additional 6,209 shares during the last quarter.
SG Americas Securities LLC acquired a new position in shares of ChoiceOne Financial Services in the 4th quarter valued at $123,000. Barclays PLC raised its position in ChoiceOne Financial Services by 173.3% in the 3rd quarter.
Barclays PLC now owns 13,347 shares of the company’s stock valued at $412,000 after purchasing an additional 8,463 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in ChoiceOne Financial Services by 4.9% during the 4th quarter.
Empowered Funds LLC now owns 28,389 shares of the company’s stock worth $1,012,000 after purchasing an additional 1,329 shares during the period. Institutional investors and hedge funds own 19.90% of the company’s stock.
Analysts Set New Price Targets A number of research analysts have commented on COFS shares. Hovde Group started coverage on shares of ChoiceOne Financial Services in a research note on Monday, March 10th. They issued an “outperform” rating and a $35.
00 price objective on the stock. Janney Montgomery Scott upgraded ChoiceOne Financial Services from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, DA Davidson decreased their price objective on ChoiceOne Financial Services from $41.
00 to $39.00 and set a “buy” rating for the company in a research report on Monday, January 27th. ChoiceOne Financial Services Stock Performance Shares of COFS opened at $26.
39 on Monday. The stock has a market capitalization of $236.69 million, a P/E ratio of 8.
10 and a beta of 0.61. The company has a debt-to-equity ratio of 0.
99, a quick ratio of 0.74 and a current ratio of 0.74.
ChoiceOne Financial Services, Inc. has a 1 year low of $23.12 and a 1 year high of $38.
15. The company’s fifty day moving average is $29.17 and its two-hundred day moving average is $32.
54. ChoiceOne Financial Services ( NASDAQ:COFS – Get Free Report ) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $0.
83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01.
ChoiceOne Financial Services had a net margin of 19.21% and a return on equity of 12.44%.
On average, sell-side analysts predict that ChoiceOne Financial Services, Inc. will post 3.67 earnings per share for the current year.
ChoiceOne Financial Services Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend yield of 4.
24%. ChoiceOne Financial Services’s dividend payout ratio is currently 34.36%.
ChoiceOne Financial Services Profile ( Free Report ) 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. Featured Articles Five stocks we like better than ChoiceOne Financial Services Where Do I Find 52-Week Highs and Lows? With a 60%+ Upside, There’s Plenty to Love About Lovesac How is Compound Interest Calculated? J.
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