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

ChoiceOne Financial Services (NASDAQ:COFS) is projected to post its quarterly earnings results 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 Trading Up 0.4 %

COFS stock opened at $34.69 on Tuesday. ChoiceOne Financial Services has a 12 month low of $21.52 and a 12 month high of $38.15. The firm’s 50-day moving average is $35.77 and its 200 day moving average is $31.90. The company has a market capitalization of $310.82 million, a PE ratio of 10.94 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.

ChoiceOne Financial Services Increases Dividend

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

Wall Street Analyst Weigh In

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

About ChoiceOne Financial Services

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.