COFS dividend – ChoiceOne Financial Services Inc Declares Cash Dividend of 0.26
March 19, 2023
Dividends Yield
CHOICEONE ($NASDAQ:COFS): The company has had a consistent dividend policy for the past three years and has offered a relatively higher dividend yield. Therefore, considering the company’s dividend policy and yield, it could be a good option for investors looking for dividend stocks.
Market Price
Following the news, the stock opened at $28.3 and closed at $28.7, up by 0.9% from its previous closing price of 28.4. The purpose of this dividend is to provide shareholders with a steady stream of income and to reward them for their ongoing loyalty and support. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for COFS. More…
| Total Revenues | Net Income | Net Margin |
| – | 23.64 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for COFS. More…
| Operations | Investing | Financing |
| 37.7 | -521.37 | 436.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for COFS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.39k | 2.22k | – |
Key Ratios Snapshot
Some of the financial key ratios for COFS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.1% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – COFS Stock Fair Value Calculator
At GoodWhale, we conducted an analysis to assess the wellbeing of CHOICEONE FINANCIAL SERVICES. Our proprietary Valuation Line calculated the fair value of the CHOICEONE FINANCIAL SERVICES share to be around $27.8. Currently, CHOICEONE FINANCIAL SERVICES stock is trading at $28.7, which is a fair price that is slightly overvalued by 3.2%. With this assessment, we can determine that CHOICEONE FINANCIAL SERVICES is in a relatively good financial position. More…
Peers
Headquartered in Sparta, Michigan, ChoiceOne Bank offers a range of personal and business banking services through its 27 branch locations. The company’s primary competitors are Ohio Valley Banc Corporation, Pacific Financial Corp, and Southern Calif Bancorp.
– Ohio Valley Banc Corporation ($NASDAQ:OVBC)
Ohio Valley Banc Corporation is a regional bank holding company headquartered in Parkersburg, West Virginia. As of December 31, 2020, the Company operated 52 full-service banking offices in West Virginia, Ohio, and Kentucky. The Bank offers a full range of banking services to retail and commercial customers, including deposit products, loan and lease financing, trust services, and electronic banking services. The Company’s primary market focus is serving the banking needs of small to medium-sized businesses and retail customers in its primary service area.
– Pacific Financial Corp ($OTCPK:PFLC)
Pacific Financial Corporation is a financial holding company that operates through its subsidiaries in the banking, insurance, and real estate industries in the United States. The Company’s banking subsidiary, Bank of the Pacific, provides a range of banking services to individuals and businesses in Washington and Oregon through its network of branches, ATMs, and online and mobile banking platforms. The Company’s insurance subsidiary, Pacific Insurance Group, Inc., offers a range of property and casualty insurance products, including homeowners, renters, automobile, and general liability insurance, to individuals and businesses in the Pacific Northwest. The Company’s real estate subsidiary, Pacific Property Resources, LLC, provides real estate brokerage services in Washington and Oregon.
– Southern Calif Bancorp ($OTCPK:BCAL)
Southern Calif Bancorp has a market cap of 285.39M as of 2022. The company operates as the holding company for Bank of Southern California, N.A. that provides banking products and services to small and medium-sized businesses, professionals, and individuals in the United States.
Summary
Choiceone Financial Services has been paying out a consistent annual dividend of 1.01 USD per share for the past three years, resulting in a dividend yield of 4.45%. This dividend yield is attractive for investors who are looking for consistent income over time. The ex-dividend date for the coming dividend is March 14 2023. With a relatively low risk and steady return, Choiceone Financial Services is an attractive investment option for investors who are looking for stability and a good return on their investment.
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