Kelly Potes Buys 2,000 Shares of ChoiceOne Financial Services, Inc. (NASDAQ:COFS) Stock

ChoiceOne Financial Services, Inc. (NASDAQ:COFS) CEO Kelly Potes acquired 2,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $26.73 per share, for a total transaction of $53,460.00. Following the acquisition, the chief executive officer now owns 5,000 shares of the company’s stock, valued at $133,650. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kelly Potes also recently made the following trade(s):

• On Thursday, July 25th, Kelly Potes acquired 2,000 shares of ChoiceOne Financial Services stock. The shares were bought at an average price of $25.00 per share, for a total transaction of $50,000.00.

ChoiceOne Financial Services Stock Up 1.1 %

Shares of COFS traded up $0.30 during mid-day trading on Tuesday, hitting $26.66. 8,977 shares of the company traded hands, compared to its average volume of 13,192. ChoiceOne Financial Services, Inc. has a 1-year low of $15.84 and a 1-year high of $32.14. The business has a 50 day moving average of $26.93 and a 200 day moving average of $26.33. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $201.84 million, a PE ratio of 9.38 and a beta of 0.69.

ChoiceOne Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.08 annualized dividend and a yield of 4.05%. ChoiceOne Financial Services’s dividend payout ratio (DPR) is presently 38.43%.

Hedge Funds Weigh In On ChoiceOne Financial Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cerity Partners LLC acquired a new position in ChoiceOne Financial Services in the 4th quarter worth approximately $1,351,000. SG Americas Securities LLC acquired a new position in ChoiceOne Financial Services in the 4th quarter worth approximately $111,000. Empowered Funds LLC increased its holdings in 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. CWM LLC increased its holdings in ChoiceOne Financial Services by 33.8% in the 1st quarter. CWM LLC now owns 4,798 shares of the company’s stock worth $131,000 after buying an additional 1,211 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in 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. Institutional investors and hedge funds own 19.90% of the company’s stock.

ChoiceOne Financial Services Company Profile

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.