Choiceone Financial Services Stock Today
| COFS Stock | USD 22.70 0.78 3.32% |
Performance0 of 100
| Odds Of DistressLess than 8
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ChoiceOne Financial is selling for under 22.70 as of the 19th of April 2024; that is -3.32 percent down since the beginning of the trading day. The stock's lowest day price was 22.67. ChoiceOne Financial has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for ChoiceOne Financial Services are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Banks | IPO Date 31st of December 2001 | Category Financial Services | Classification Financials |
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. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan. The company has 7.56 M outstanding shares of which 113.3 K shares are currently shorted by private and institutional investors with about 11.48 trading days to cover. More on ChoiceOne Financial Services
Moving together with ChoiceOne Stock
| 0.72 | AX | Axos Financial Financial Report 25th of April 2024 | PairCorr |
| 0.77 | BY | Byline Bancorp Earnings Call This Week | PairCorr |
| 0.72 | PB | Prosperity Bancshares Earnings Call This Week | PairCorr |
Moving against ChoiceOne Stock
| 0.66 | TECTP | Tectonic Financial | PairCorr |
| 0.52 | DB | Deutsche Bank AG Earnings Call This Week | PairCorr |
| 0.46 | CFG-PD | Citizens Financial | PairCorr |
ChoiceOne Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ChoiceOne Financial's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ChoiceOne Financial or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Mary Johnson | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Regional Banks, Banks - Regional, Financial Services, NASDAQ Composite, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering ChoiceOne Financial report their recommendations after researching ChoiceOne Financial's financial statements, talking to executives and customers, or listening in on ChoiceOne Financial's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering ChoiceOne Financial. The ChoiceOne consensus assessment is calculated by taking the average forecast from all of the analysts covering ChoiceOne Financial. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of ChoiceOne Financial's profitability, liquidity, and operating efficiency, ChoiceOne Financial Services may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of ChoiceOne Financial is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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ChoiceOne Financial's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to ChoiceOne Financial's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand ChoiceOne Financial's financial leverage. It provides some insight into what part of ChoiceOne Financial's total assets is financed by creditors.
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ChoiceOne Financial Services (COFS) is traded on NASDAQ Exchange in USA. It is located in 109 East Division Street, Sparta, MI, United States, 49345-0186 and employs 324 people. ChoiceOne Financial is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 171.61 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ChoiceOne Financial's market, we take the total number of its shares issued and multiply it by ChoiceOne Financial's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. ChoiceOne Financial conducts business under Banks sector and is part of Financials industry. The entity has 7.56 M outstanding shares of which 113.3 K shares are currently shorted by private and institutional investors with about 11.48 trading days to cover.
ChoiceOne Financial Services currently holds about 51.49 M in cash with 45.23 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.86.
Check ChoiceOne Financial Probability Of Bankruptcy
Ownership AllocationThe market capitalization of ChoiceOne Financial is $171.61 Million. ChoiceOne Financial Services shows 8.2 percent of its outstanding shares held by insiders and 20.34 percent owned by other corporate entities. Note, that even with substantial debt, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point.
Check ChoiceOne Ownership Details
ChoiceOne Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of ChoiceOne Financial jumping above the current price in 90 days from now is close to 99%. The ChoiceOne Financial Services probability density function shows the probability of ChoiceOne Financial stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.3108 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ChoiceOne Financial will likely underperform. Additionally, choiceOne Financial Services has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of ChoiceOne Financial to move above the current price in 90 days from now is close to 99 (This ChoiceOne Financial Services probability density function shows the probability of ChoiceOne Stock to fall within a particular range of prices over 90 days) .
ChoiceOne Stock Institutional Holders
Institutional Holdings refers to the ownership stake in ChoiceOne Financial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ChoiceOne Financial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ChoiceOne Financial's value.| Instituion | Recorded On | Shares | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 18.5 K | |
| Hightower Advisors, Llc | 2023-12-31 | 17.4 K | |
| Ubs Group Ag | 2023-12-31 | 17.1 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 16.8 K | |
| Renaissance Technologies Corp | 2023-12-31 | 16.7 K | |
| Ica Group Wealth Management, Llc | 2023-12-31 | 15.3 K | |
| Raymond James Finl Svs Advisors, Inc. | 2023-12-31 | 13.9 K | |
| Barclays Plc | 2023-12-31 | 12 K | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 11.4 K | |
| Blackrock Inc | 2023-12-31 | 406.6 K | |
| Vanguard Group Inc | 2023-12-31 | 347.8 K |
ChoiceOne Financial Historical Income Statement
ChoiceOne Financial Services Income Statement is one of the three primary financial statements used for reporting ChoiceOne's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ChoiceOne Financial revenue and expense. ChoiceOne Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, ChoiceOne Financial's Income Tax Expense is comparatively stable compared to the past year. Selling And Marketing Expenses is likely to gain to about 757 K in 2024, whereas Interest Expense is likely to drop slightly above 1.7 M in 2024. View More FundamentalsChoiceOne Stock Against Markets
Picking the right benchmark for ChoiceOne Financial stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ChoiceOne Financial stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ChoiceOne Financial is critical whether you are bullish or bearish towards ChoiceOne Financial Services at a given time. Please also check how ChoiceOne Financial's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in ChoiceOne Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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ChoiceOne Financial Corporate Directors
ChoiceOne Financial corporate directors refer to members of a ChoiceOne Financial board of directors. The board of directors generally takes responsibility for the ChoiceOne Financial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of ChoiceOne Financial's board members must vote for the resolution. The ChoiceOne Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Greg Armock | Director | Profile | |
| Frank Berris | Independent Director | Profile | |
| Roxanne Page | Independent Director | Profile | |
| Timothy Bull | Independent Director | Profile |
How to buy ChoiceOne Stock?
Before investing in ChoiceOne Financial, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in ChoiceOne Financial. To buy ChoiceOne Financial stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ChoiceOne Financial. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase ChoiceOne Financial stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ChoiceOne Financial Services stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased ChoiceOne Financial Services stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as ChoiceOne Financial Services, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy ChoiceOne Stock please use our How to Invest in ChoiceOne Financial guide.
Already Invested in ChoiceOne Financial Services?
The danger of trading ChoiceOne Financial Services is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ChoiceOne Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ChoiceOne Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ChoiceOne Financial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ChoiceOne Financial is a strong investment it is important to analyze ChoiceOne Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ChoiceOne Financial's future performance. For an informed investment choice regarding ChoiceOne Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChoiceOne Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the ChoiceOne Financial information on this page should be used as a complementary analysis to other ChoiceOne Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for ChoiceOne Stock analysis
When running ChoiceOne Financial's price analysis, check to measure ChoiceOne Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ChoiceOne Financial is operating at the current time. Most of ChoiceOne Financial's value examination focuses on studying past and present price action to predict the probability of ChoiceOne Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChoiceOne Financial's price. Additionally, you may evaluate how the addition of ChoiceOne Financial to your portfolios can decrease your overall portfolio volatility.
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Is ChoiceOne Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ChoiceOne Financial. If investors know ChoiceOne will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ChoiceOne Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.21) | Dividend Share 1.05 | Earnings Share 2.82 | Revenue Per Share 10.705 | Quarterly Revenue Growth (0.04) |
The market value of ChoiceOne Financial is measured differently than its book value, which is the value of ChoiceOne that is recorded on the company's balance sheet. Investors also form their own opinion of ChoiceOne Financial's value that differs from its market value or its book value, called intrinsic value, which is ChoiceOne Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ChoiceOne Financial's market value can be influenced by many factors that don't directly affect ChoiceOne Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ChoiceOne Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if ChoiceOne Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChoiceOne Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.