Curi RMB Capital LLC Acquires Shares of 70,928 ChoiceOne Financial Services, Inc. (NASDAQ:COFS)

Curi RMB Capital LLC bought a new position in ChoiceOne Financial Services, Inc. (NASDAQ:COFS) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 70,928 shares of the company’s stock, valued at approximately $2,192,000.

Other hedge funds have also made changes to their positions in the company. Mattson Financial Services LLC purchased a new stake in shares of ChoiceOne Financial Services in the 2nd quarter worth $47,000. Renaissance Technologies LLC lifted its holdings in shares of ChoiceOne Financial Services by 7.3% in the 2nd quarter. Renaissance Technologies LLC now owns 19,000 shares of the company’s stock worth $544,000 after buying an additional 1,300 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of ChoiceOne Financial Services by 7.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 21,720 shares of the company’s stock worth $622,000 after buying an additional 1,425 shares during the period. Empowered Funds LLC lifted its holdings in shares of ChoiceOne Financial Services by 7.9% in the 1st quarter. Empowered Funds LLC now owns 23,920 shares of the company’s stock worth $654,000 after buying an additional 1,750 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of ChoiceOne Financial Services by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 350,690 shares of the company’s stock worth $9,591,000 after buying an additional 2,871 shares during the period. 19.90% of the stock is currently owned by hedge funds and other institutional investors.

ChoiceOne Financial Services Trading Down 0.1 %

Shares of NASDAQ COFS opened at $35.54 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.74 and a quick ratio of 0.72. The stock has a market capitalization of $318.37 million, a P/E ratio of 11.21 and a beta of 0.69. ChoiceOne Financial Services, Inc. has a 1-year low of $21.52 and a 1-year high of $37.00. The business has a fifty day moving average price of $31.82 and a 200 day moving average price of $28.78.

ChoiceOne Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Friday, September 13th. ChoiceOne Financial Services’s dividend payout ratio (DPR) is presently 34.07%.

Analyst Upgrades and Downgrades

Separately, DA Davidson initiated coverage on ChoiceOne Financial Services in a report on Friday, October 18th. They issued a “buy” rating and a $37.00 target price for the company.

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.