ChoiceOne Financial Services (COFS) to Release Earnings on Wednesday

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

ChoiceOne Financial Services Stock Up 2.5 %

NASDAQ COFS traded up $0.85 on Wednesday, hitting $34.83. 18,499 shares of the stock were exchanged, compared to its average volume of 23,666. ChoiceOne Financial Services has a fifty-two week low of $21.52 and a fifty-two week high of $38.15. The company has a 50-day moving average price of $35.84 and a 200-day moving average price of $31.73. 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 cap of $312.08 million, a PE ratio of 10.99 and a beta of 0.71.

ChoiceOne Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.28 per share. This is a boost from ChoiceOne Financial Services’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Friday, December 13th. ChoiceOne Financial Services’s payout ratio is 34.07%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson initiated coverage on ChoiceOne Financial Services in a report 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.