ChoiceOne Financial Services (NASDAQ:COFS) Price Target Lowered to $39.00 at DA Davidson

ChoiceOne Financial Services (NASDAQ:COFSGet Free Report) had its price target reduced by research analysts at DA Davidson from $41.00 to $39.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price target suggests a potential upside of 15.38% from the stock’s current price.

ChoiceOne Financial Services Stock Down 1.0 %

Shares of COFS stock opened at $33.80 on Monday. ChoiceOne Financial Services has a 52-week low of $21.52 and a 52-week high of $38.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $302.85 million, a price-to-earnings ratio of 10.37 and a beta of 0.72. The firm’s 50-day moving average is $35.61 and its 200-day moving average is $32.24.

ChoiceOne Financial Services (NASDAQ:COFSGet Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. ChoiceOne Financial Services had a return on equity of 12.44% and a net margin of 19.21%. Sell-side analysts predict that ChoiceOne Financial Services will post 3.8 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its holdings in shares of ChoiceOne Financial Services by 7.3% during the second quarter. Renaissance Technologies LLC now owns 19,000 shares of the company’s stock worth $544,000 after acquiring an additional 1,300 shares during the period. Mattson Financial Services LLC acquired a new stake in ChoiceOne Financial Services during the 2nd quarter worth approximately $47,000. Curi RMB Capital LLC bought a new stake in ChoiceOne Financial Services in the 3rd quarter valued at $2,192,000. Empowered Funds LLC grew its holdings in ChoiceOne Financial Services by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 27,060 shares of the company’s stock valued at $836,000 after buying an additional 1,340 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in ChoiceOne Financial Services during the 3rd quarter worth $1,093,000. Institutional investors and hedge funds own 19.90% of the company’s stock.

About ChoiceOne Financial Services

(Get Free Report)

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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