ChoiceOne Financial Services, Inc. Announces Quarterly Dividend of $0.25 (NASDAQ: COFS)

ChoiceOne Financial Services, Inc. (NASDAQ:COFS – Get Rating) announced a quarterly dividend on Wednesday, May 25, Zacks reports. Investors of record on Wednesday, June 15 will receive a dividend of 0.25 per share on Thursday, June 30. This represents an annualized dividend of $1.00 and a yield of 4.75%. The ex-dividend date is Tuesday, June 14.

NASDAQ:COFS shares opened at $21.04 on Friday. The company has a 50-day moving average price of $23.89 and a 200-day moving average price of $25.14. ChoiceOne Financial Services has a 12-month low of $20.05 and a 12-month high of $29.38. The company has a market capitalization of $157.67 million, a price-earnings ratio of 7.51 and a beta of 0.70. The company has a quick ratio of 0.51, a current ratio of 0.52 and a debt ratio of 0.18.

Institutional investors and hedge funds have recently changed their holdings in the company. Royal Bank of Canada increased its position in ChoiceOne Financial Services by 265.4% in the second quarter. Royal Bank of Canada now owns 2,898 shares of the company valued at $70,000 after buying 2,105 more shares in the last quarter. Morgan Stanley increased its position in ChoiceOne Financial Services shares by 92.0% in the second quarter. Morgan Stanley now owns 6,466 shares of the company worth $157,000 after buying 3,098 additional shares in the last quarter. Two Sigma Advisers LP bought a new stock position in ChoiceOne Financial Services in Q3 for $205,000. Raymond James Financial Services Advisors Inc. bought a new stock position in ChoiceOne Financial Services in Q1 worth $244,000. Finally, Susquehanna International Group LLP bought a new stock position in ChoiceOne Financial Services in Q4 worth $279,000. 10.87% of the shares are held by institutional investors and hedge funds.

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About ChoiceOne Financial Services (Get a rating)

ChoiceOne Financial Services, Inc. operates as a bank holding company for ChoiceOne Bank which provides community banking services to businesses, partnerships and individuals in Michigan. The Company offers various deposit products, including term, savings and demand deposits, vault deposits and automated transaction machine services.

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Dividend history for ChoiceOne Financial Services (NASDAQ:COFS)

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