ChoiceOne Financial Services (COFS) to Release Quarterly Earnings on Wednesday

ChoiceOne Financial Services (NASDAQ:COFS) is projected to release its earnings data before the market opens on Wednesday, January 22nd. Analysts expect ChoiceOne Financial Services to post earnings of $0.82 per share for the quarter.

ChoiceOne Financial Services Stock Performance

Shares of NASDAQ:COFS opened at $34.69 on Tuesday. The firm has a 50 day moving average of $35.77 and a 200 day moving average of $31.90. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $310.82 million, a price-to-earnings ratio of 10.94 and a beta of 0.72. ChoiceOne Financial Services has a 52 week low of $21.52 and a 52 week high of $38.15.

ChoiceOne Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.23%. This is a positive change from ChoiceOne Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, December 13th. ChoiceOne Financial Services’s payout ratio is presently 35.33%.

Analysts Set New Price Targets

Separately, DA Davidson began coverage on ChoiceOne Financial Services in a research note on Friday, October 18th. They issued a “buy” rating and a $37.00 target price on the 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.