ChoiceOne Financial Services, Inc. (NASDAQ:COFS) Declares Quarterly Dividend of $0.26

ChoiceOne Financial Services, Inc. (NASDAQ:COFS – Get Rating) announced a quarterly dividend on Wednesday, May 24th, Zacks reports. Investors 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 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Wednesday, June 14th.

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

ChoiceOne Financial Services Trading Down 0.8 %

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. ChoiceOne Financial Services has a one year low of $19.20 and a one year high of $29.99. The stock has a market capitalization of $155.44 million, a PE ratio of 6.54 and a beta of 0.34. The business’s fifty day moving average is $23.91 and its 200 day moving average is $25.58.

ChoiceOne Financial Services (NASDAQ:COFS – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The company reported $0.75 EPS for the quarter. The company 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 Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position 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 worth $129,000 after purchasing an additional 5,098 shares during the last quarter. Susquehanna International Group LLP boosted its position in ChoiceOne Financial Services by 138.8% in the first 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 purchased a new position in ChoiceOne Financial Services in the first quarter worth about $390,000. Geode Capital Management LLC lifted its position in shares of ChoiceOne Financial Services by 1.6% during the 1st 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 in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of ChoiceOne Financial Services by 474.1% during the 1st quarter. Bank of America Corp DE now owns 1,952 shares of the company’s stock valued at $49,000 after buying an additional 1,612 shares in the last quarter. 11.29% of the stock is owned by hedge funds and other institutional investors.

About ChoiceOne Financial Services

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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.