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

25.25USD-0.05 (-0.20%)Market Closed

Market Summary

USD25.25-0.05

Market Closed

-0.20%

COFS Stock Price

View Fullscreen

COFS RSI Chart

COFS Valuation

Market Cap

191.5M

Price/Earnings (Trailing)

9.01

Price/Sales (Trailing)

1.81

EV/EBITDA

0.44

Price/Free Cashflow

3.9

COFS Price/Sales (Trailing)

COFS Profitability

EBT Margin

24.28%

Return on Equity

10.28%

Return on Assets

0.8%

Free Cashflow Yield

25.64%

COFS Fundamentals

COFS Revenue

Revenue (TTM)

106.0M

Rev. Growth (Yr)

32.87%

Rev. Growth (Qtr)

1.68%

COFS Earnings

Earnings (TTM)

21.3M

Earnings Growth (Yr)

0.02%

Earnings Growth (Qtr)

6.44%

Breaking Down COFS Revenue

Last 7 days

-2.5%

Last 30 days

13.1%

Last 90 days

-4.0%

Trailing 12 Months

18.7%

How does COFS drawdown profile look like?

COFS Financial Health

COFS Investor Care

Dividend Yield

4.19%

Dividend/Share (TTM)

1.06

Shares Dilution (1Y)

0.66%

Diluted EPS (TTM)

2.81

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
2024	106.0M	0	0	0
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 13, 2024	RENAISSANCE TECHNOLOGIES LLC	added	5.99	-5,000	484,000	-%
May 13, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-0.84	-7,564	94,166	-%
May 13, 2024	Ameritas Investment Partners, Inc.	unchanged	-	-1,125	15,781	-%
May 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	added	3.18	-155,651	4,068,300	-%
May 13, 2024	Nuveen Asset Management, LLC	unchanged	-	-20,874	296,475	-%
May 10, 2024	CITIGROUP INC	added	31.73	6,701	35,884	-%
May 10, 2024	WELLS FARGO & COMPANY/MN	added	14.76	4,482	67,425	-%
May 10, 2024	DIMENSIONAL FUND ADVISORS LP	unchanged	-	-23,074	311,626	-%
May 10, 2024	Covestor Ltd	reduced	-77.88	-2,000	1,000	-%
May 10, 2024	OSAIC HOLDINGS, INC.	unchanged	-	-2,440	34,214	-%

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 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
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

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	570.5B	174.7B	8.69%	48.16%	11.33	3.27	53.11%	19.83%
BAC	299.1B	137.9B	6.85%	41.16%	11.95	2.17	56.12%	-12.56%
WFC	213.6B	85.8B	8.52%	63.46%	11.38	2.49	35.02%	26.14%
C	120.9B	125.0B	6.23%	39.49%	15.13	0.97	37.85%	-
CFG	16.4B	10.4B	8.48%	44.96%	11.43	1.57	26.22%	-33.87%
KEY	14.0B	8.1B	1.78%	65.41%	16.04	1.72	32.15%	-50.93%
MID-CAP
CMA	7.1B	4.2B	3.79%	66.34%	10.15	1.66	34.68%	-45.96%
ZION	6.5B	4.1B	8.06%	95.94%	10.32	1.59	32.93%	-30.73%
ABCB	3.4B	1.3B	9.68%	70.56%	12.1	2.61	30.60%	-12.99%
ASB	3.3B	2.0B	8.96%	50.51%	20.76	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	406.2M	152.4M	2.65%	46.43%	40.86	2.67	16.94%	-73.84%
AROW	395.7M	173.1M	7.98%	20.88%	13.57	2.29	26.54%	-34.86%
ACNB	290.4M	98.7M	5.64%	21.02%	9.87	2.94	6.27%	-22.90%
ASRV	45.8M	62.5M	12.13%	-6.62%	-15.48	0.73	18.83%	-145.18%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	1.7%	28.00	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
EBITDA Margin	-7.0%	0.88*	0.95*	1.05*	1.16*	1.25*	1.30*	1.33*	1.35*	1.36*	1.39*	1.38*	1.35*	-	-	-	-	-	-	-	-	-
Interest Expenses	-0.5%	16.00	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
Income Taxes	4.4%	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	1.00	0.00	0.00	0.00
Earnings Before Taxes	6.1%	7.00	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
EBT Margin	-6.0%	0.24*	0.26*	0.29*	0.33*	0.35*	0.37*	0.37*	0.38*	0.38*	0.41*	0.40*	0.38*	-	-	-	-	-	-	-	-	-
Net Income	6.4%	6.00	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
Net Income Margin	-6.6%	0.20*	0.21*	0.25*	0.28*	0.30*	0.31*	0.31*	0.32*	0.32*	0.34*	0.34*	0.31*	-	-	-	-	-	-	-	-	-
Free Cashflow	229.0%	15.00	-11.63	31.00	15.00	8.00	13.00	9.00	19.00	2.00	8.00	12.00	15.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	3.6%	2,671	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
Cash Equivalents	170.8%	150	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
Net PPE	-5.0%	28.00	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
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	60.00	7.00	61.00	7.00	53.00	39.00	39.00	14.00	14.00
Liabilities	3.5%	2,464	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
Shareholder's Equity	5.7%	207	196	181	179	169	169	157	166	191	222	225	229	219	227	223	203	196	192	85.00	86.00	83.00
Retained Earnings	4.9%	77.00	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
Shares Outstanding	0.1%	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	7.00	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	241.2%	15,314	-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
Share Based Compensation	11.7%	295	264	254	252	235	232	233	267	226	216	192	190	214	175	154	71.00	112	-55.00	283	66.00	79.00
Cashflow From Investing	108.9%	7,614	-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
Cashflow From Financing	942.4%	71,768	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
Dividend Payments	0.0%	2,039	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
Buy Backs	-	-	-	-	-	-	-	-	-	682	2,225	2,664	2,897	-	-	-	-	-	-	-	-	-

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

COFS Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended
Consolidated Statements of Income (Unaudited) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Interest income
Loans, including fees	$ 20,786,000	$ 14,873,000
Securities:
Taxable	5,348,000	4,913,000
Tax exempt	1,412,000	1,435,000
Other	886,000	177,000
Total interest income	28,432,000	21,398,000
Interest expense
Deposits	8,777,000	3,276,000
Advances from Federal Home Loan Bank	441,000	605,000
Other	2,740,000	505,000
Total interest expense	11,958,000	4,386,000
Net interest income	16,474,000	17,012,000
Provision for (reversal of) credit losses on loans	403,000	309,000
Provision for (reversal of) credit losses on unfunded commitments	(403,000)	(284,000)
Net Provision for (reversal of) credit losses expense	0	25,000
Net interest income after provision	16,474,000	16,987,000
Noninterest income
Customer service charges	2,405,000	2,267,000
Insurance and investment commissions	198,000	196,000
Gains on sales of loans	454,000	403,000
Net gains (losses) on sales of securities	0	0
Net gains on sales and write downs of other assets	1,000	3,000
Earnings on life insurance policies	495,000	263,000
Trust income	213,000	184,000
Change in market value of equity securities	35,000	63,000
Other	250,000	292,000
Total noninterest income	4,051,000	3,671,000
Noninterest expense
Salaries and benefits	7,831,000	8,083,000
Occupancy and equipment	1,462,000	1,643,000
Data processing	1,670,000	1,682,000
Professional fees	615,000	621,000
Supplies and postage	178,000	191,000
Advertising and promotional	150,000	149,000
Intangible amortization	203,000	252,000
FDIC insurance	375,000	300,000
Other	1,200,000	1,074,000
Total noninterest expense	13,684,000	13,995,000
Income before income tax	6,841,000	6,663,000
Income tax expense	1,207,000	1,030,000
Net income	$ 5,634,000	$ 5,633,000
Basic earnings per share (Note 4)	$ 0.75	$ 0.75
Diluted earnings per share (Note 4)	0.74	0.75
Dividends declared per share	$ 0.27	$ 0.26

COFS Balance Sheet

2024-03-31

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 149,779	$ 55,083
Time deposits in other financial institutions	350	350
Cash and cash equivalents	150,129	55,433
Equity securities, at fair value (Note 2)	7,560	7,505
Securities available for sale, at fair value (Note 2)	504,636	514,598
Securities held to maturity, at amortized cost net of credit losses (Note 2)	397,981	407,959
Federal Home Loan Bank stock	4,449	4,449
Federal Reserve Bank stock	5,066	5,065
Loans held for sale	6,035	4,710
Loans to other financial institutions (Note 3)	30,032	19,400
Core loans (Note 3)	1,388,558	1,391,253
Total loans held for investment (Note 3)	1,418,590	1,410,653
Allowance for credit losses (Note 3)	(16,037)	(15,685)
Loans, net	1,402,553	1,394,968
Premises and equipment, net	28,268	29,750
Other real estate owned, net	122	122
Cash value of life insurance policies	45,079	45,074
Goodwill	59,946	59,946
Core deposit intangible	1,651	1,854
Other assets	57,224	45,273
Total assets	2,670,699	2,576,706
Liabilities
Deposits - noninterest-bearing	502,685	547,625
Deposits - interest-bearing	1,641,193	1,550,985
Brokered deposits	41,970	23,445
Total deposits	2,185,848	2,122,055
Borrowings	210,000	200,000
Subordinated debentures	35,568	35,507
Other liabilities	32,527	23,510
Total liabilities	2,463,943	2,381,072
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: 7,541,187 at September 30, 2023 and 7,516,098 at December 31, 2022	173,786	173,513
Retained earnings	77,294	73,699
Accumulated other comprehensive loss, net	(44,324)	(51,578)
Total shareholders’ equity	206,756	195,634
Total liabilities and shareholders’ equity	$ 2,670,699	$ 2,576,706

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 13 2024, market cap of ChoiceOne Financial Services Inc is 191.55 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 13 2024, COFS's PE ratio (Price to Earnings) is 9.01 and Price to Sales (PS) ratio is 1.81. 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.