SG Americas Securities LLC Purchases Shares of 3,800 ChoiceOne Financial Services, Inc. (NASDAQ:COFS)

SG Americas Securities LLC acquired a new position in shares of ChoiceOne Financial Services, Inc. (NASDAQ:COFS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,800 shares of the company’s stock, valued at approximately $111,000. SG Americas Securities LLC owned approximately 0.05% of ChoiceOne Financial Services as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in COFS. Raymond James Financial Services Advisors Inc. bought a new position in shares of ChoiceOne Financial Services during the first quarter worth about $244,000. Renaissance Technologies LLC grew its stake in shares of ChoiceOne Financial Services by 4.3% during the 1st quarter. Renaissance Technologies LLC now owns 30,500 shares of the company’s stock worth $764,000 after acquiring an additional 1,261 shares in the last quarter. State Street Corp raised its holdings in shares of ChoiceOne Financial Services by 11.7% in the first quarter. State Street Corp now owns 22,223 shares of the company’s stock valued at $557,000 after purchasing an additional 2,323 shares during the last quarter. BlackRock Inc. lifted its position in shares of ChoiceOne Financial Services by 11.4% in the third quarter. BlackRock Inc. now owns 33,163 shares of the company’s stock worth $720,000 after purchasing an additional 3,406 shares in the last quarter. Finally, Citigroup Inc. acquired a new position in ChoiceOne Financial Services during the fourth quarter worth $83,000. 19.90% of the stock is currently owned by institutional investors and hedge funds.

ChoiceOne Financial Services Stock Up 6.2 %

Shares of COFS stock opened at $24.11 on Friday. The firm’s fifty day moving average price is $25.76 and its two-hundred day moving average price is $25.16. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 1.20. ChoiceOne Financial Services, Inc. has a 1 year low of $15.84 and a 1 year high of $32.14. The firm has a market capitalization of $182.27 million, a P/E ratio of 8.55 and a beta of 0.65.

ChoiceOne Financial Services (NASDAQ:COFS) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. ChoiceOne Financial Services had a return on equity of 11.73% and a net margin of 18.67%. The company had revenue of $20.60 million during the quarter, compared to analysts’ expectations of $20.10 million. On average, equities analysts predict that ChoiceOne Financial Services, Inc. will post 2.9 EPS for the current fiscal year.

ChoiceOne Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.48%. The ex-dividend date was Thursday, March 14th. ChoiceOne Financial Services’s dividend payout ratio (DPR) is 38.30%.

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.