2 weeks Ago By ABMN Staff
ChoiceOne Financial Services, Inc. ( NASDAQ:COFS – Get Free Report ) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 153,500 shares, an increase of 23.
8% from the August 31st total of 124,000 shares. Based on an average daily volume of 29,300 shares, the days-to-cover ratio is currently 5.2 days.
Insiders Place Their Bets In other news, CEO Kelly Potes purchased 2,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $26.73 per share, for a total transaction of $53,460.
00. Following the completion of the transaction, the chief executive officer now directly owns 5,000 shares in the company, valued at approximately $133,650. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link .
In related news, President Michael J. Burke, Jr. bought 1,000 shares of the stock in a transaction on Friday, August 2nd.
The shares were purchased at an average price of $27.25 per share, for a total transaction of $27,250.00.
Following the acquisition, the president now owns 2,000 shares in the company, valued at $54,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, CEO Kelly Potes purchased 2,000 shares of the business’s stock in a transaction dated Monday, August 5th.
The stock was bought at an average cost of $26.73 per share, with a total value of $53,460.00.
Following the completion of the acquisition, the chief executive officer now owns 5,000 shares of the company’s stock, valued at $133,650. The disclosure for this purchase can be found here . Over the last ninety days, insiders have bought 5,900 shares of company stock worth $154,085.
7.92% of the stock is owned by corporate insiders. Institutional Investors Weigh In On ChoiceOne Financial Services Hedge funds and other institutional investors have recently made changes to their positions in the business.
CWM LLC grew its holdings in ChoiceOne Financial Services by 33.8% in the 1st quarter. CWM LLC now owns 4,798 shares of the company’s stock valued at $131,000 after buying an additional 1,211 shares during the period.
Empowered Funds LLC boosted its position in shares of ChoiceOne Financial Services by 7.9% in the first quarter. Empowered Funds LLC now owns 23,920 shares of the company’s stock worth $654,000 after acquiring an additional 1,750 shares during the last quarter.
Vanguard Group Inc. grew its holdings in ChoiceOne Financial Services by 0.8% in the first quarter.
Vanguard Group Inc. now owns 350,690 shares of the company’s stock valued at $9,591,000 after purchasing an additional 2,871 shares during the period. Bank of New York Mellon Corp increased its position in ChoiceOne Financial Services by 7.
0% during the second quarter. Bank of New York Mellon Corp now owns 21,720 shares of the company’s stock worth $622,000 after purchasing an additional 1,425 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in 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 purchasing an additional 1,300 shares during the period. Hedge funds and other institutional investors own 19.
90% of the company’s stock. ChoiceOne Financial Services Trading Down 0.1 % ChoiceOne Financial Services ( NASDAQ:COFS – Get Free Report ) last issued its quarterly earnings results on Thursday, July 25th.
The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.
11. The business had revenue of $22.45 million during the quarter, compared to the consensus estimate of $21.
60 million. ChoiceOne Financial Services had a net margin of 17.61% and a return on equity of 11.
35%. Equities research analysts predict that ChoiceOne Financial Services will post 3.06 earnings per share for the current fiscal year.
ChoiceOne Financial Services Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.27 per share.
This represents a $1.08 annualized dividend and a dividend yield of 3.52%.
The ex-dividend date of this dividend is Friday, September 13th. ChoiceOne Financial Services’s dividend payout ratio (DPR) is 38.43%.
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. See Also Receive News & Ratings for ChoiceOne Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChoiceOne Financial Services and related companies with MarketBeat.
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