Curi RMB Capital LLC acquired a new position in shares of ChoiceOne Financial Services, Inc. (NASDAQ:COFS – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 70,928 shares of the company’s stock, valued at approximately $2,192,000. Curi RMB Capital LLC owned approximately 0.79% of ChoiceOne Financial Services at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Mattson Financial Services LLC purchased a new stake in shares of ChoiceOne Financial Services during the 2nd quarter worth approximately $47,000. Renaissance Technologies LLC raised its holdings in shares of ChoiceOne Financial Services by 7.3% during the 2nd quarter. Renaissance Technologies LLC now owns 19,000 shares of the company’s stock worth $544,000 after acquiring an additional 1,300 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of ChoiceOne Financial Services by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 21,720 shares of the company’s stock valued at $622,000 after purchasing an additional 1,425 shares during the last quarter. Empowered Funds LLC increased its position in shares of ChoiceOne Financial Services by 7.9% during the 1st quarter. Empowered Funds LLC now owns 23,920 shares of the company’s stock valued at $654,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of ChoiceOne Financial Services by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 350,690 shares of the company’s stock valued at $9,591,000 after purchasing an additional 2,871 shares during the last quarter. 19.90% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, DA Davidson began coverage on ChoiceOne Financial Services in a research report on Friday, October 18th. They set a “buy” rating and a $37.00 target price on the stock.
ChoiceOne Financial Services Stock Performance
NASDAQ COFS opened at $35.54 on Friday. The company has a market cap of $318.37 million, a P/E ratio of 11.21 and a beta of 0.69. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.72 and a current ratio of 0.74. The business’s 50 day moving average price is $31.82 and its 200-day moving average price is $28.78. ChoiceOne Financial Services, Inc. has a fifty-two week low of $21.52 and a fifty-two week high of $37.00.
ChoiceOne Financial Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.04%. The ex-dividend date was Friday, September 13th. ChoiceOne Financial Services’s dividend payout ratio (DPR) is presently 34.07%.
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.
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