COFS - ChoiceOne Financial Services Inc Stock Price, Fair Value and News

24.98USD-0.77 (-2.99%)Market Closed

Market Summary

USD24.98-0.77

Market Closed

-2.99%

COFS Stock Price

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COFS RSI Chart

COFS Valuation

Market Cap

188.7M

Price/Earnings (Trailing)

8.87

Price/Sales (Trailing)

1.91

EV/EBITDA

1.42

Price/Free Cashflow

4.47

COFS Price/Sales (Trailing)

COFS Profitability

EBT Margin

25.83%

Return on Equity

10.87%

Return on Assets

0.83%

Free Cashflow Yield

22.39%

COFS Fundamentals

COFS Revenue

Revenue (TTM)

99.0M

Rev. Growth (Yr)

35.51%

Rev. Growth (Qtr)

6.3%

COFS Earnings

Earnings (TTM)

21.3M

Earnings Growth (Yr)

-20.81%

Earnings Growth (Qtr)

3.34%

Breaking Down COFS Revenue

Last 7 days

2.8%

Last 30 days

1.9%

Last 90 days

-3.2%

Trailing 12 Months

19.2%

How does COFS drawdown profile look like?

COFS Financial Health

COFS Investor Care

Dividend Yield

4.2%

Dividend/Share (TTM)

1.05

Shares Dilution (1Y)

0.45%

Diluted EPS (TTM)

2.82

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	79.0M	84.6M	91.7M	99.0M
2022	66.4M	68.7M	71.2M	75.1M
2021	58.7M	61.3M	62.8M	64.6M
2020	38.5M	44.8M	53.4M	55.5M
2019	25.3M	25.7M	26.0M	32.5M
2018	22.6M	23.3M	23.9M	24.5M
2017	20.6M	20.9M	21.4M	22.0M
2016	19.5M	19.7M	20.0M	20.3M
2015	19.1M	19.2M	19.3M	19.4M
2014	18.9M	18.8M	18.9M	19.0M
2013	19.9M	19.7M	19.3M	19.0M
2012	21.4M	21.0M	20.7M	20.2M
2011	21.8M	21.7M	21.6M	21.5M
2010	0	22.7M	22.3M	22.0M
2009	0	0	0	23.1M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of ChoiceOne Financial Services Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 30, 2024	greenland adom	acquired	-	-	560	secretary
Apr 30, 2024	potes kelly	acquired	-	-	1,606	chief executive officer
Apr 30, 2024	burke michael j jr	acquired	-	-	812	president
Apr 30, 2024	henion bradley	acquired	-	-	560	e.v.p. - choiceone bank (sub.)
Apr 15, 2024	henion bradley	sold (taxes)	-4,881	22.19	-220	e.v.p. - choiceone bank (sub.)
Apr 15, 2024	greenland adom	sold (taxes)	-4,992	22.19	-225	secretary

Which funds bought or sold COFS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	LSV ASSET MANAGEMENT	unchanged	-	-9,000	133,000	-%
May 06, 2024	SG Americas Securities, LLC	sold off	-100	-111,000	-	-%
May 06, 2024	HighTower Advisors, LLC	unchanged	-	-34,000	476,000	-%
May 06, 2024	Empowered Funds, LLC	added	7.89	4,631	654,212	0.01%
May 03, 2024	FNY Investment Advisers, LLC	new	-	-	-	-%
May 03, 2024	HUNTINGTON NATIONAL BANK	unchanged	-	-3,323	46,604	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-0.4	-41,973	555,067	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-61.31	-12,000	6,000	-%
Apr 23, 2024	FIFTH THIRD BANCORP	unchanged	-	-1,074	15,070	-%

Are Funds Buying or Selling COFS?

Are funds buying COFS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own COFS

No. of Funds

Unveiling ChoiceOne Financial Services Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 31, 2024	blackrock inc.	5.4%	406,601	SC 13G
Jul 12, 2021	blackrock inc.	0.4%	31,485	SC 13G/A
Feb 02, 2021	blackrock inc.	5.1%	394,725	SC 13G

Recent SEC filings of ChoiceOne Financial Services Inc

View All Filings

Date Filed	Form Type	Document
May 01, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
Apr 24, 2024	8-K	Current Report
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 11, 2024	ARS	ARS

Peers (Alternatives to ChoiceOne Financial Services Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	550.7B	174.7B	-2.76%	40.41%	10.94	3.15	53.11%	19.83%
BAC	296.0B	127.4B	1.56%	36.02%	11.83	2.15	56.12%	-12.56%
WFC	210.0B	85.8B	4.86%	58.65%	11.19	2.45	35.02%	26.14%
C	118.3B	125.0B	1.96%	35.60%	14.8	0.95	37.85%	-
CFG	16.2B	10.4B	5.24%	35.25%	11.31	1.55	26.22%	-33.87%
KEY	14.1B	8.1B	0.46%	53.92%	16.12	1.73	32.15%	-50.93%
MID-CAP
CMA	7.1B	4.2B	2.37%	47.89%	10.15	1.66	34.68%	-45.96%
ZION	6.5B	3.9B	3.85%	83.92%	9.55	1.64	45.91%	-25.03%
ABCB	3.4B	1.3B	5.78%	62.95%	12.7	2.67	43.24%	-22.35%
ASB	3.3B	1.8B	5.33%	40.37%	20.78	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	398.5M	152.4M	-3.74%	44.39%	40.08	2.61	16.94%	-73.84%
AROW	390.5M	162.6M	0.55%	13.78%	12.98	2.4	25.39%	-38.37%
ACNB	279.1M	96.6M	-4.06%	19.16%	8.81	2.89	11.02%	-11.37%
ASRV	40.5M	60.9M	-3.23%	-16.96%	-12.09	0.66	24.06%	-144.92%

ChoiceOne Financial Services Inc News

Latest updates

ChoiceOne Financial Services Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	6.3%	28.00	26.00	23.00	21.00	21.00	19.00	18.00	17.00	17.00	17.00	15.00	16.00	15.00	15.00	13.00	12.00	13.00	7.00	7.00	6.00	6.00
EBITDA Margin	-9.4%	0.95*	1.05*	1.16*	1.25*	1.30*	1.33*	1.35*	1.36*	1.39*	1.38*	1.35*	1.36*	-	-	-	-	-	-	-	-	-
Interest Expenses	2.0%	17.00	16.00	16.00	17.00	17.00	17.00	16.00	16.00	16.00	16.00	15.00	15.00	14.00	14.00	12.00	11.00	11.00	6.00	6.00	5.00	6.00
Income Taxes	7.0%	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00
Earnings Before Taxes	4.0%	6.00	6.00	6.00	7.00	8.00	7.00	7.00	6.00	6.00	7.00	6.00	8.00	5.00	5.00	5.00	4.00	4.00	1.00	2.00	2.00	2.00
EBT Margin	-11.9%	0.26*	0.29*	0.33*	0.35*	0.37*	0.37*	0.38*	0.38*	0.41*	0.40*	0.38*	0.38*	-	-	-	-	-	-	-	-	-
Net Income	3.3%	5.00	5.00	5.00	6.00	7.00	6.00	6.00	6.00	5.00	6.00	5.00	6.00	4.00	4.00	4.00	3.00	3.00	1.00	1.00	2.00	2.00
Net Income Margin	-13.1%	0.21*	0.25*	0.28*	0.30*	0.31*	0.31*	0.32*	0.32*	0.34*	0.34*	0.31*	0.32*	-	-	-	-	-	-	-	-	-
Free Cashflow	-137.7%	-11.63	31.00	15.00	8.00	13.00	9.00	19.00	2.00	8.00	12.00	15.00	1.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.1%	2,577	2,574	2,484	2,410	2,386	2,364	2,360	2,377	257	2,277	2,121	2,070	1,919	1,829	1,545	1,398	1,386	664	658	670	671
Cash Equivalents	-61.7%	55.00	145	77.00	55.00	44.00	51.00	40.00	90.00	18.00	60.00	95.00	135	80.00	118	67.00	45.00	60.00	17.00	14.00	16.00	20.00
Net PPE	0.4%	30.00	30.00	29.00	29.00	28.00	29.00	29.00	30.00	30.00	30.00	30.00	30.00	29.00	30.00	24.00	24.00	24.00	15.00	16.00	16.00	16.00
Goodwill	0%	60.00	60.00	60.00	60.00	60.00	60.00	60.00	60.00	60.00	60.00	60.00	60.00	7.00	61.00	7.00	53.00	39.00	39.00	14.00	14.00	14.00
Liabilities	-0.5%	2,381	2,393	2,304	2,241	2,217	2,207	2,194	2,186	2,119	2,052	1,892	1,851	1,692	1,606	1,342	1,203	1,194	579	573	588	590
Shareholder's Equity	8.0%	196	181	179	169	169	157	166	191	222	225	229	219	227	223	203	196	192	85.00	86.00	83.00	80.00
Retained Earnings	4.6%	74.00	70.00	67.00	64.00	68.00	64.00	60.00	56.00	52.00	49.00	45.00	42.00	37.00	35.00	33.00	30.00	28.00	26.00	28.00	28.00	27.00
Shares Outstanding	0.1%	8.00	8.00	8.00	8.00	8.00	8.00	8.00	7.00	8.00	8.00	8.00	8.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	159	-	-	-	136	-	-	-	167	-	-	-	198	-	-	-	100	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-133.8%	-10,848	32,119	16,042	9,169	12,992	9,721	19,502	2,802	8,137	12,418	14,934	2,210	28,734	-14,957	-2,808	-2,491	3,782	2,964	1,729	727	2,957
Share Based Compensation	3.9%	264	254	252	235	232	233	267	226	216	192	190	214	175	154	71.00	112	-55.00	283	66.00	79.00	110
Cashflow From Investing	-192.5%	-85,277	-29,156	-48,014	-18,918	-30,006	-113,245	38,256	14,499	-122,816	-203,991	-90,310	-104,257	-152,772	33,345	-112,367	-18,957	27,873	-2,480	12,003	-1,044	-14,121
Cashflow From Financing	-89.4%	6,885	64,900	53,593	20,995	9,464	9,211	-1,927	40,788	86,786	156,035	35,366	157,856	85,674	32,704	136,495	7,361	11,329	2,403	-16,341	-3,077	16,427
Dividend Payments	4.0%	2,038	1,959	1,958	1,955	1,954	1,877	1,875	1,872	1,878	1,903	1,703	1,716	1,715	1,559	1,451	1,449	1,459	2,906	726	724	652
Buy Backs	-	-	-	-	-	-	-	-	682	2,225	2,664	2,897	-	-	-	-	-	-	-	-	-	-

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COFS Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income
Loans, including fees	$ 68,384	$ 52,823	$ 48,657
Securities:
Taxable	21,169	15,583	10,260
Tax exempt	5,629	6,163	5,617
Other	3,798	491	84
Total interest income	98,980	75,060	64,618
Interest expense
Deposits	23,990	5,845	3,305
Advances from Federal Home Loan Bank	1,771	117	22
Other	7,334	1,784	650
Total interest expense	33,095	7,746	3,977
Net interest income	65,885	67,314	60,641
Provision for (reversal of) credit losses on loans	1,265	250	416
Provision for (reversal of) credit losses on unfunded commitments	(1,115)	0	0
Net Provision for (reversal of) credit losses expense	150	250	416
Net interest income after provision for credit losses	65,735	67,064	60,225
Noninterest income
Customer service charges	9,347	9,350	8,628
Insurance and investment commissions	698	779	765
Mortgage servicing rights (Note 4)	820	1,007	2,335
Gains on sales of loans (Note 4)	1,134	1,336	4,441
Net (losses) gains on sales of securities (Note 2)	(71)	(809)	(40)
Net (losses) gains on sales and write-downs of other assets (Note 7)	147	99	6
Earnings on life insurance policies	1,096	1,312	809
Trust income	771	734	790
Change in market value of equity securities	(246)	(955)	479
Other	1,210	1,219	981
Total noninterest income	14,906	14,072	19,194
Noninterest expense
Salaries and benefits (Note 13 and 14)	31,963	30,391	29,300
Occupancy and equipment (Note 5)	6,048	6,189	6,168
Data processing	6,618	6,729	6,189
Professional fees	2,198	2,175	3,009
Supplies and postage	780	719	614
Advertising and promotional	721	764	848
Intangible amortization (Note 6)	955	1,153	1,307
FDIC insurance	1,184	722	804
Other	4,607	4,636	4,682
Total noninterest expense	55,074	53,478	52,921
Income before income tax	25,567	27,658	26,498
Income tax expense	4,306	4,018	4,456
Net income	$ 21,261	$ 23,640	$ 22,042
Basic earnings per share (Note 16)	$ 2.82	$ 3.15	$ 2.87
Diluted earnings per share (Note 16)	2.82	3.15	2.86
Dividends declared per share	$ 1.05	$ 1.01	$ 0.94

COFS Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 55,083	$ 43,593
Time deposits in other financial institutions	350	350
Cash and cash equivalents	55,433	43,943
Equity securities, at fair value (Note 2)	7,505	8,566
Securities available for sale, at fair value (Note 2)	514,598	529,749
Securities held to maturity, at amortized cost (Note 2)	407,959	425,906
Federal Home Loan Bank Stock	4,449	3,517
Federal Reserve Bank Stock	5,065	5,064
Loans held for sale	4,710	4,834
Loans to other financial institutions	19,400	0
Core Loans	1,391,253	1,189,782
Total loans (Note 3)	1,410,653	1,189,782
Allowance for loan losses (Note 3)	(15,685)	(7,619)
Loans, net	1,394,968	1,182,163
Premises and equipment, net (Note 5)	29,750	28,232
Other real estate owned, net (Note 7)	122	0
Cash value of life insurance policies	45,074	43,978
Goodwill (Note 6)	59,946	59,946
Core deposit intangible (Note 6)	1,854	2,809
Other assets	45,273	47,208
Total assets	2,576,706	2,385,915
Liabilities
Deposits - noninterest-bearing (Note 9)	547,625	599,579
Deposits - interest-bearing (Note 9)	1,550,985	1,516,681
Brokered deposits (Note 9)	23,445	1,743
Total deposits	2,122,055	2,118,003
Borrowings (Note 10)	200,000	50,000
Subordinated debentures (Note 11)	35,507	35,262
Other liabilities (Notes 12)	23,510	13,776
Total liabilities	2,381,072	2,217,041
Shareholders' Equity
Preferred stock; shares authorized: 100,000; shares outstanding: none	0	0
Common stock and paid-in capital, no par value; shares authorized: 15,000,000; shares outstanding: 7,548,217 at December 31, 2023 and 7,516,098 at December 31, 2022 (Note 16)	173,513	172,277
Retained earnings	73,699	68,394
Accumulated other comprehensive income, net	(51,578)	(71,797)
Total shareholders’ equity	195,634	168,874
Total liabilities and shareholders’ equity	$ 2,576,706	$ 2,385,915

About ChoiceOne Financial Services Inc

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. It also provides commercial lending products, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers alternative investment products, which include annuities and mutual funds; and sells insurance policies, such as life and health for commercial and consumer clients. Further, it provides trust and wealth management services. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.

CEO	Mr. Kelly J. Potes CFP
WEBSITE	choiceone.com
INDUSTRY	Banks Diversified
EMPLOYEES	380

ChoiceOne Financial Services Inc Frequently Asked Questions

What is the ticker symbol for ChoiceOne Financial Services Inc? What does COFS stand for in stocks?

COFS is the stock ticker symbol of ChoiceOne Financial Services Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of ChoiceOne Financial Services Inc (COFS)?

As of Mon May 06 2024, market cap of ChoiceOne Financial Services Inc is 194.49 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of COFS stock?

You can check COFS's fair value in chart for subscribers.

What is the fair value of COFS stock?

You can check COFS's fair value in chart for subscribers. The fair value of ChoiceOne Financial Services Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of ChoiceOne Financial Services Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for COFS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is ChoiceOne Financial Services Inc a good stock to buy?

The fair value guage provides a quick view whether COFS is over valued or under valued. Whether ChoiceOne Financial Services Inc is cheap or expensive depends on the assumptions which impact ChoiceOne Financial Services Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for COFS.

What is ChoiceOne Financial Services Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 06 2024, COFS's PE ratio (Price to Earnings) is 9.15 and Price to Sales (PS) ratio is 1.96. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. COFS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on ChoiceOne Financial Services Inc's stock?

In the past 10 years, ChoiceOne Financial Services Inc has provided 0.058 (multiply by 100 for percentage) rate of return.