ChoiceOne Financial Services, Inc. (NASDAQ:COFS) to Issue $0.26 Quarterly Dividend

ChoiceOne Financial Services, Inc. (NASDAQ:COFS – Get Rating) declared a quarterly dividend on Wednesday, May 24th, Zacks reports. Stockholders of record on Thursday, June 15th will be given a dividend of 0.26 per share on Friday, June 30th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Wednesday, June 14th.

ChoiceOne Financial Services has raised its dividend by an average of 8.1% per year over the last three years and has raised its dividend every year for the last 11 years.

ChoiceOne Financial Services Stock Down 0.8 %

Shares of ChoiceOne Financial Services stock opened at $20.67 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.60 and a quick ratio of 0.59. The stock has a market cap of $155.44 million, a price-to-earnings ratio of 6.54 and a beta of 0.34. The firm’s 50-day moving average is $23.91 and its two-hundred day moving average is $25.58. ChoiceOne Financial Services has a 1 year low of $19.20 and a 1 year high of $29.99.

ChoiceOne Financial Services (NASDAQ:COFS – Get Rating) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $0.75 earnings per share (EPS) for the quarter. The business had revenue of $20.68 million for the quarter. ChoiceOne Financial Services had a return on equity of 14.38% and a net margin of 25.57%.

Institutional Trading of ChoiceOne Financial Services

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in ChoiceOne Financial Services by 42,483.3% in the first quarter. JPMorgan Chase & Co. now owns 5,110 shares of the company’s stock valued at $129,000 after buying an additional 5,098 shares during the last quarter. Susquehanna International Group LLP grew its position in ChoiceOne Financial Services by 138.8% during the 1st quarter. Susquehanna International Group LLP now owns 39,169 shares of the company’s stock worth $989,000 after purchasing an additional 22,766 shares during the last quarter. Jane Street Group LLC acquired a new position in ChoiceOne Financial Services during the 1st quarter valued at approximately $390,000. Geode Capital Management LLC grew its holdings in shares of ChoiceOne Financial Services by 1.6% during the first quarter. Geode Capital Management LLC now owns 58,370 shares of the company’s stock valued at $1,473,000 after buying an additional 901 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of ChoiceOne Financial Services by 474.1% in the 1st quarter. Bank of America Corp DE now owns 1,952 shares of the company’s stock valued at $49,000 after acquiring an additional 1,612 shares during the period. 11.29% of the stock is currently owned by institutional investors.

ChoiceOne Financial Services Company Profile

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ChoiceOne Financial Services, Inc is a holding company, which engages in the provision of a variety of deposit, payment, credit, and other financial services to all types of customers, through its subsidiary, ChoiceOne Bank. The firm offers time, savings, and demand deposits, safe deposit services, and automated transaction machine services.