ChoiceOne Financial Services, Inc. (COFS)

NASDAQ: COFS · IEX Real-Time Price · USD
25.01
-0.29 (-1.15%)
Nov 30, 2023, 4:00 PM EST - Market closed
-1.15%
Market Cap 188.70M
Revenue (ttm) 81.38M
Net Income (ttm) 22.65M
Shares Out 7.55M
EPS (ttm) 3.01
PE Ratio 8.31
Forward PE 8.88
Dividend $1.08 (4.32%)
Ex-Dividend Date Dec 14, 2023
Volume 5,216
Open 25.01
Previous Close 25.30
Day's Range 24.85 - 25.25
52-Week Range 15.84 - 29.99
Beta 0.37
Analysts Hold
Price Target 24.00 (-4.04%)
Earnings Date Jan 24, 2024

About COFS

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. It also provides commercial lending products, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers... [Read more]

Sector Financials
Founded 1898
Employees 376
Stock Exchange NASDAQ
Ticker Symbol COFS
Full Company Profile

Financial Performance

In 2022, COFS's revenue was $81.14 million, an increase of 2.16% compared to the previous year's $79.42 million. Earnings were $23.64 million, an increase of 7.25%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for COFS stock is "Hold" and the 12-month stock price forecast is $24.0.

Price Target
$24.0
(-4.04% downside)
Analyst Consensus: Hold
Stock Forecasts

News

CHOICEONE FINANCIAL ANNOUNCES CASH DIVIDENDS

SPARTA, Mich. , Nov. 29, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.27 per...

1 day ago - PRNewsWire

ChoiceOne Celebrates 125th Anniversary Ringing Nasdaq Stock Exchange Opening Bell

SPARTA, Mich. , Oct. 27, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to announce ringing the Nasdaq Stock Market ("Nasdaq") ope...

4 weeks ago - PRNewsWire

ChoiceOne Reports Third Quarter 2023 Results

SPARTA, Mich. , Oct. 25, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended Sep...

5 weeks ago - PRNewsWire

ChoiceOne Reports Second Quarter 2023 Results

SPARTA, Mich. , July 26, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended Jun...

4 months ago - PRNewsWire

Top 5 Financial Stocks You'll Regret Missing This Quarter - ChoiceOne Finl Servs (NASDAQ:COFS), Evans Bancorp (AMEX:EVBN)

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Other symbols: EVBNHWBKPRAWDH
6 months ago - Benzinga

ChoiceOne Financial Announces Cash Dividends

SPARTA, Mich. , May 24, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.26 per ...

6 months ago - PRNewsWire

ChoiceOne Bank Announces Industry-Leading Technology Advanced Treasury Services for Business Customers

SPARTA, Mich. , May 19, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to announce advancements in their Treasury Management servi...

6 months ago - PRNewsWire

ChoiceOne Financial Reports First Quarter 2023 Results

SPARTA, Mich. , April 26, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended Ma...

7 months ago - PRNewsWire

ChoiceOne Bank Kicks Off Annual Scholarship Program

SPARTA, Mich. , Jan. 27, 2023 /PRNewswire/ -- ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") is pleased to announce the Annual ChoiceOne Scholarship Program designed to provide needs-based scholarships f...

10 months ago - PRNewsWire

ChoiceOne Financial Reports Fourth Quarter and Year End 2022 Results

SPARTA, Mich. , Jan. 25, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended Dec...

11 months ago - PRNewsWire

ChoiceOne Bank Enhances Digital Security Moving to ".BANK" Domain

SPARTA, Mich. , Jan. 23, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to announce advancements in digital banking security.

11 months ago - PRNewsWire

ChoiceOne Bank Commemorates Quasquicentennial Anniversary in 2023

September 5 Marks 125 Years in Business as a Community Bank SPARTA, Mich. , Jan. 17, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are please...

11 months ago - PRNewsWire

ChoiceOne Bank Welcomes David Huisman Promotes Josh Hucul, Jamie Sheffer, Britney Herrygers

SPARTA, Mich. , Jan. 9, 2023 /PRNewswire/ -- ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") is pleased to welcome David Huisman, Vice President, Commercial Loan Officer, and announce the promotions of Jo...

11 months ago - PRNewsWire

ChoiceOne Bank Employees Close 2022 with Multiple Community Donations

SPARTA, Mich. , Dec. 29, 2022 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to recognize the donations ChoiceOne employees have made t...

1 year ago - PRNewsWire

ChoiceOne Financial Announces 4% increase in Cash Dividend

SPARTA, Mich. , Nov. 30, 2022 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.26 per...

1 year ago - PRNewsWire

ChoiceOne Financial Reports Third Quarter 2022 Results

SPARTA, Mich. , Oct. 26, 2022 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended Sep...

1 year ago - PRNewsWire

Patrick Cronin Retires from ChoiceOne Holding Company and Bank Boards of Directors

Michelle Wendling, Dr. Curt Coulter Appointed to Holding Company Board SPARTA, Mich. , Sept. 22, 2022 /PRNewswire/ -- It is with sincere appreciation that the Boards of Directors of ChoiceOne Financia...

1 year ago - PRNewsWire

ChoiceOne Financial Reports Second Quarter 2022 Results

SPARTA, Mich. , July 27, 2022 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended Jun...

1 year ago - PRNewsWire

ChoiceOne Financial Announces Cash Dividend

SPARTA, Mich., May 25, 2022 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.25 per s...

1 year ago - PRNewsWire

ChoiceOne Financial Reports First Quarter 2022 Results

SPARTA, Mich. , April 29, 2022 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ: COFS) reported net income of $5,528,000 or $0.74 per diluted share in the first quarter of 2022 ...

1 year ago - PRNewsWire

CHOICEONE FINANCIAL ANNOUNCES CASH DIVIDEND

SPARTA, Mich., Feb. 25, 2022 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.25 per ...

1 year ago - PRNewsWire

ChoiceOne Financial Reports Fourth Quarter and Year End 2021 Results

SPARTA, Mich., Jan. 26, 2022 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ: COFS), the parent company for ChoiceOne Bank reported financial results for the quarter and year e...

2 years ago - PRNewsWire

ChoiceOne Bank Names Adom J. Greenland Chief Financial Officer

SPARTA, Mich., Jan. 4, 2022 /PRNewswire/ -- The Board of Directors of ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company of ChoiceOne Bank, announced effective January 1...

2 years ago - PRNewsWire

ChoiceOne Senior Vice President Heather Brolick Named a 2021 Crain's Detroit Business Notable Women in Banking Award Honoree

SPARTA, Mich., Dec. 13, 2021 /PRNewswire/ -- ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") is pleased to announce Senior Vice President Heather Brolick is named in the 2021 Crain's Detroit Business Nota...

2 years ago - PRNewsWire

Johnson Retirement McGinnis and Hendon Appointed

SPARTA, Mich., Dec. 6, 2021 /PRNewswire/ -- It is with great appreciation that ChoiceOne Financial Services, Inc. (NASDAQ: COFS) ("ChoiceOne") announces the retirement of Chairman Paul L.

2 years ago - PRNewsWire