ChoiceOne Financial Services (COFS) Expected to Announce Earnings on Wednesday

ChoiceOne Financial Services (NASDAQ:COFS) is expected to release its earnings data before the market opens on Wednesday, April 23rd. Analysts expect ChoiceOne Financial Services to post earnings of $0.82 per share and revenue of $29.70 million for the quarter.

ChoiceOne Financial Services (NASDAQ:COFS) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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, analysts expect ChoiceOne Financial Services to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ChoiceOne Financial Services Price Performance

COFS stock opened at $26.15 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.74 and a current ratio of 0.74. The company’s fifty day moving average price is $29.58 and its 200-day moving average price is $32.61. ChoiceOne Financial Services has a one year low of $22.43 and a one year high of $38.15. The company has a market capitalization of $234.54 million, a PE ratio of 8.02 and a beta of 0.61.

ChoiceOne Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.12 dividend on an annualized basis and a yield of 4.28%. ChoiceOne Financial Services’s dividend payout ratio is currently 34.36%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Janney Montgomery Scott upgraded ChoiceOne Financial Services from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. DA Davidson reduced their price objective on ChoiceOne Financial Services from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Finally, Hovde Group started coverage on ChoiceOne Financial Services in a research report on Monday, March 10th. They set an “outperform” rating and a $35.00 target price for the company.

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.