ChoiceOne Financial Services, Inc. (COFS) To Go Ex-Dividend on June 15th

ChoiceOne Financial Services, Inc. (NASDAQ:COFS) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 15th will be given a dividend of 0.29 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, June 15th.

ChoiceOne Financial Services has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 13 years. ChoiceOne Financial Services has a payout ratio of 31.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ChoiceOne Financial Services to earn $3.75 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 30.9%.

ChoiceOne Financial Services Stock Up 0.8%

NASDAQ:COFS opened at $31.61 on Friday. The firm has a market capitalization of $473.52 million, a price-to-earnings ratio of 8.54 and a beta of 0.60. ChoiceOne Financial Services has a twelve month low of $26.09 and a twelve month high of $35.40. The stock’s 50 day moving average price is $29.47 and its two-hundred day moving average price is $29.57. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

ChoiceOne Financial Services (NASDAQ:COFS) last posted its quarterly earnings results on Friday, April 24th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.06. The firm had revenue of $42.46 million for the quarter, compared to analyst estimates of $42.70 million. ChoiceOne Financial Services had a return on equity of 12.31% and a net margin of 23.07%. Equities research analysts expect that ChoiceOne Financial Services will post 3.61 earnings per share for the current fiscal year.

ChoiceOne Financial Services Company Profile

ChoiceOne Financial Services, Inc is a bank holding company headquartered in Jackson, Michigan. Through its subsidiary, ChoiceOne Bank, it provides a full suite of banking and financial services to individuals, families, and businesses. The company’s primary operations are concentrated in community banking, spanning retail deposits, commercial and consumer lending, mortgage origination, and treasury management solutions.

ChoiceOne Bank offers checking and savings accounts, certificates of deposit, and online and mobile banking platforms designed to meet the needs of its customers.