What is DA Davidson’s Estimate for COFS Q1 Earnings?

ChoiceOne Financial Services, Inc. (NASDAQ:COFSFree Report) – Stock analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of ChoiceOne Financial Services in a research report issued to clients and investors on Tuesday, January 28th. DA Davidson analyst J. Rulis forecasts that the company will post earnings of $0.83 per share for the quarter. DA Davidson has a “Buy” rating and a $39.00 price target on the stock. The consensus estimate for ChoiceOne Financial Services’ current full-year earnings is $3.80 per share. DA Davidson also issued estimates for ChoiceOne Financial Services’ FY2025 earnings at $3.85 EPS.

ChoiceOne Financial Services (NASDAQ:COFSGet Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. ChoiceOne Financial Services had a net margin of 19.21% and a return on equity of 12.44%.

ChoiceOne Financial Services Trading Up 0.5 %

Shares of NASDAQ:COFS opened at $33.86 on Wednesday. The company has a market capitalization of $303.39 million, a P/E ratio of 10.39 and a beta of 0.72. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.74 and a quick ratio of 0.74. The business’s 50 day simple moving average is $35.51 and its 200 day simple moving average is $32.26. ChoiceOne Financial Services has a 1 year low of $21.52 and a 1 year high of $38.15.

ChoiceOne Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.28 per share. This is an increase from ChoiceOne Financial Services’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 3.31%. The ex-dividend date was Friday, December 13th. ChoiceOne Financial Services’s payout ratio is currently 34.36%.

Institutional Investors Weigh In On ChoiceOne Financial Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in shares of ChoiceOne Financial Services by 7.3% during the 2nd quarter. Renaissance Technologies LLC now owns 19,000 shares of the company’s stock worth $544,000 after buying an additional 1,300 shares during the last quarter. Mattson Financial Services LLC acquired a new position in ChoiceOne Financial Services during the second quarter worth about $47,000. Curi RMB Capital LLC bought a new position in shares of ChoiceOne Financial Services in the third quarter worth about $2,192,000. Empowered Funds LLC boosted its stake in shares of ChoiceOne Financial Services by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 27,060 shares of the company’s stock valued at $836,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of ChoiceOne Financial Services during the 3rd quarter valued at approximately $1,093,000. 19.90% of the stock is currently owned by institutional investors.

About ChoiceOne Financial Services

(Get 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.

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