Jacobs Asset Management LLC Buys 22,651 Shares of ChoiceOne Financial Services, Inc. (NASDAQ:COFS)

Jacobs Asset Management LLC grew its stake in shares of ChoiceOne Financial Services, Inc. (NASDAQ:COFSGet Rating) by 26.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,272 shares of the company’s stock after buying an additional 22,651 shares during the period. Jacobs Asset Management LLC owned 1.44% of ChoiceOne Financial Services worth $2,895,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley grew its holdings in shares of ChoiceOne Financial Services by 92.0% during the second quarter. Morgan Stanley now owns 6,466 shares of the company’s stock worth $157,000 after purchasing an additional 3,098 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of ChoiceOne Financial Services by 265.4% during the second quarter. Royal Bank of Canada now owns 2,898 shares of the company’s stock worth $70,000 after purchasing an additional 2,105 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of ChoiceOne Financial Services by 24.3% during the third quarter. Geode Capital Management LLC now owns 56,282 shares of the company’s stock worth $1,383,000 after purchasing an additional 10,986 shares in the last quarter. Gotham Asset Management LLC purchased a new position in shares of ChoiceOne Financial Services during the third quarter worth about $338,000. Finally, Two Sigma Advisers LP purchased a new position in shares of ChoiceOne Financial Services during the third quarter worth about $205,000. Hedge funds and other institutional investors own 10.87% of the company’s stock.

Shares of NASDAQ COFS traded up $0.02 during midday trading on Friday, hitting $22.41. 3,395 shares of the company’s stock were exchanged, compared to its average volume of 4,144. The company has a market cap of $168.52 million, a price-to-earnings ratio of 8.00 and a beta of 0.70. ChoiceOne Financial Services, Inc. has a 12-month low of $21.76 and a 12-month high of $29.38. The business’s fifty day moving average price is $24.62 and its two-hundred day moving average price is $25.42. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.38.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.46%. ChoiceOne Financial Services’s payout ratio is 35.71%.

About ChoiceOne Financial Services (Get Rating)

ChoiceOne Financial Services, Inc operates as the bank holding company for ChoiceOne Bank that provides community 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

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Institutional Ownership by Quarter for ChoiceOne Financial Services (NASDAQ:COFS)

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