ChoiceOne Financial Services, Inc. (NASDAQ:COFS) CEO Buys $53,460.00 in Stock

ChoiceOne Financial Services, Inc. (NASDAQ:COFS) CEO Kelly Potes acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $26.73 per share, with a total value of $53,460.00. Following the completion of the acquisition, the chief executive officer now directly owns 5,000 shares of the company’s stock, valued at $133,650. The acquisition was disclosed in a document filed with the SEC, which is available at 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 stock was bought at an average price of $25.00 per share, with a total value of $50,000.00.

ChoiceOne Financial Services Trading Up 1.1 %

ChoiceOne Financial Services stock traded up $0.30 during trading hours on Tuesday, reaching $26.66. 8,977 shares of the company’s stock were exchanged, compared to its average volume of 13,192. The firm’s 50 day simple moving average is $26.93 and its 200 day simple moving average is $26.33. ChoiceOne Financial Services, Inc. has a twelve month low of $15.84 and a twelve month high of $32.14. 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 firm has a market capitalization of $201.84 million, a PE ratio of 9.38 and a beta of 0.69.

ChoiceOne Financial Services Dividend Announcement

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

Institutional Investors Weigh In On ChoiceOne Financial Services

A number of hedge funds have recently added to or reduced their stakes in COFS. SG Americas Securities LLC bought a new position in shares of ChoiceOne Financial Services during the 4th quarter worth approximately $111,000. CWM LLC lifted its position in shares of ChoiceOne Financial Services by 33.8% during the 1st quarter. CWM LLC now owns 4,798 shares of the company’s stock valued at $131,000 after acquiring an additional 1,211 shares during the period. Bank of New York Mellon Corp boosted its stake in ChoiceOne Financial Services by 7.0% during the second quarter. Bank of New York Mellon Corp now owns 21,720 shares of the company’s stock worth $622,000 after acquiring an additional 1,425 shares in the last quarter. Empowered Funds LLC grew its holdings in ChoiceOne Financial Services by 7.9% in the first quarter. Empowered Funds LLC now owns 23,920 shares of the company’s stock worth $654,000 after purchasing an additional 1,750 shares during the period. Finally, Cerity Partners LLC bought a new stake in ChoiceOne Financial Services in the fourth quarter valued at $1,351,000. 19.90% of the stock is currently owned by institutional investors.

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.