Capital Asset Advisory Services LLC Makes New Investment in ChoiceOne Financial Services, Inc. (NASDAQ:COFS)

Capital Asset Advisory Services LLC bought a new position in shares of ChoiceOne Financial Services, Inc. (NASDAQ:COFS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,951 shares of the company’s stock, valued at approximately $153,000. Capital Asset Advisory Services LLC owned 0.06% of ChoiceOne Financial Services at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Citigroup Inc. increased its position in shares of ChoiceOne Financial Services by 299.7% during the fourth quarter. Citigroup Inc. now owns 1,403 shares of the company’s stock valued at $43,000 after acquiring an additional 1,052 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of ChoiceOne Financial Services by 53.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock valued at $62,000 after acquiring an additional 700 shares during the last quarter. Barclays PLC increased its position in shares of ChoiceOne Financial Services by 12.6% during the fourth quarter. Barclays PLC now owns 3,910 shares of the company’s stock valued at $120,000 after acquiring an additional 439 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of ChoiceOne Financial Services by 14.4% during the third quarter. JPMorgan Chase & Co. now owns 6,701 shares of the company’s stock valued at $176,000 after acquiring an additional 841 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of ChoiceOne Financial Services during the fourth quarter valued at about $269,000. 15.81% of the stock is currently owned by institutional investors.

Shares of COFS opened at $23.31 on Thursday. ChoiceOne Financial Services, Inc. has a 1-year low of $22.42 and a 1-year high of $32.80. The firm has a 50-day simple moving average of $26.34 and a two-hundred day simple moving average of $28.89. The company has a current ratio of 0.77, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06.

ChoiceOne Financial Services (NASDAQ:COFS) last announced its quarterly earnings data on Saturday, January 30th. The company reported $0.59 earnings per share for the quarter. The firm had revenue of $19.68 million during the quarter. ChoiceOne Financial Services had a net margin of 19.65% and a return on equity of 8.22%.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Monday, March 15th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Friday, March 12th.

ChoiceOne Financial Services Company Profile

ChoiceOne Financial Services, Inc operates as the bank holding company for ChoiceOne Bank and Lakestone Bank & Trust that provides community banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, checking, and demand deposits, as well as certificates of deposit.

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

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