ChoiceOne Financial Services, Inc. (NASDAQ:COFS – Get Free Report) President Michael J. Burke, Jr. bought 500 shares of the company’s stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of $26.75 per share, for a total transaction of $13,375.00. Following the completion of the transaction, the president now directly owns 2,500 shares of the company’s stock, valued at approximately $66,875. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
ChoiceOne Financial Services Price Performance
NASDAQ COFS opened at $27.37 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $207.22 million, a P/E ratio of 9.74 and a beta of 0.69. The company has a 50-day moving average price of $27.15 and a 200-day moving average price of $26.26. ChoiceOne Financial Services, Inc. has a 52 week low of $15.84 and a 52 week high of $32.14.
ChoiceOne Financial Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.08 annualized dividend and a yield of 3.95%. ChoiceOne Financial Services’s payout ratio is presently 38.43%.
Institutional Inflows and Outflows
About ChoiceOne Financial Services
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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