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Choiceone Financial Services (COFS)

ChoiceOne Financial Services, Inc. is the holding company for ChoiceOne Bank headquartered in Sparta, Michigan. ChoiceOne has always taken the lead in providing innovative services and technology. The bank’s customers have come to rely on digital banking including mobile banking, mobile deposits, innovative payroll solutions, online loan applications, online account opening, and digital mobile savings tools.

Company profile

Ticker
COFS
Exchange
NASDAQ
Website
www.choiceone.com
CEO
Kelly J. Potes
Employees
Incorporated
Michigan
Location
Michigan
Fiscal year end
Dec 31
Sector
Finance and Insurance > Commercial Banking
Industry (SIC)
State Commercial Banks
Bank Of New York Mellon • State Street • Citizens Financial • Northern Trust • M & T Bank • Popular • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc • SVB Financial ...
Former names
1ST COMMUNITY BANCORP INC
SEC CIK
0000803164
Corporate docs
Subsidiaries
ChoiceOne Insurance Agencies, Inc. ...

COFS stock data

News

From Benzinga Pro
ChoiceOne Finl Servs Q2 EPS $0.75 Up From $0.65 YoY
27 Jul 22
ChoiceOne Finl Servs (NASDAQ:COFS) reported quarterly earnings of $0.75 per share. This is a 15.38 percent increase over earnings of $0.65 per share from the same period last year.
A Look Into Financial Services Sector Value Stocks
16 Jun 22
The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Stocks That Hit 52-Week Lows On Monday
16 May 22
On Monday, 198 companies reached new 52-week lows.

Press releases

From Benzinga Pro
ChoiceOne Financial Reports Second Quarter 2022 Results
27 Jul 22
SPARTA, Mich., July 27, 2022 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ((", ChoiceOne", , NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended June 30,
ChoiceOne Financial Announces Cash Dividend
25 May 22
SPARTA, Mich., May 25, 2022 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.25 per share. The cash

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 Aug 22
12 Aug 22
31 Dec 22

Financial summary

Financial statements Chart COFS financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 40.3M 40.3M 40.3M 40.3M 40.3M 40.3M
Cash burn (monthly) 16.56M 4.59M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 23.99M 6.64M n/a n/a n/a n/a
Cash remaining 16.3M 33.65M n/a n/a n/a n/a
Runway (months of cash) 1.0 7.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

COFS insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 22 Greg L. Armock Common Stock Grant Acquire A Yes No 20.14 546 11K 32,260.882
1 Jul 22 Brophy Keith D. Common Stock Grant Acquire A Yes No 20.14 335 6.75K 6,516.418
1 Jul 22 Burns Harold J Common Stock Grant Acquire A No No 20.14 546 11K 13,745.95
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

COFS institutional ownership history Ownership history
8.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 22 26 -15.4%
Opened positions 1 1 –
Closed positions 5 8 -37.5%
Increased positions 5 9 -44.4%
Reduced positions 7 7 –
13F shares Current Prev Q Change
Total value 16.03M 21.63M -25.9%
Total shares 640.23K 816.53K -21.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners Shares Value Change
Vanguard 295.46K $7.4M -0.6%
Geode Capital Management 56.13K $1.41M -0.3%
Cutler Capital Management 46K $1.15M 0.0%
Shakespeare Wealth Management 44.44K $1.1M -5.6%
Renaissance Technologies 30.5K $764K +4.3%
BLK Blackrock 30.22K $757K -4.3%
HBW Advisory Services 23.02K $577K 0.0%
STT State Street 22.22K $557K +11.7%
HighTower Advisors 17.4K $436K 0.0%
NTRS Northern Trust 16.08K $403K -4.4%
Largest transactions Shares Bought/sold Change
Jacobs Asset Management 0 -109.27K EXIT
Millennium Management 0 -66.01K EXIT
Raymond James Financial Services Advisors 9.73K +9.73K NEW
Two Sigma Advisers 0 -8.2K EXIT
Shakespeare Wealth Management 44.44K -2.66K -5.6%
STT State Street 22.22K +2.32K +11.7%
Vanguard 295.46K -1.75K -0.6%
BLK Blackrock 30.22K -1.36K -4.3%
Renaissance Technologies 30.5K +1.26K +4.3%
MS Morgan Stanley 4.63K +846 +22.4%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: add, applicable, building, cap, conclusion, contract, correlation, counterparty, depending, equivalent, exposed, extension, FDIC, flat, implicit, index, indexed, instrument, issuer, January, modest, municipal, negative, neutral, option, peer, people, purpose, rapidly, receipt, redeploy, runoff, set, short, spread, stability, steady, strategically, strategy, type
Removed: adjust, affected, Agency, allocation, approved, assessed, assessing, banker, book, calculated, capitalization, closed, comply, concluded, continuing, deal, evidenced, exceeded, expiration, family, fund, institution, maintained, March, Merchant, moderately, Motion, Nondurable, November, ownership, perspective, Picture, positive, reflected, regularly, relevant, request, Scenic, sharply, Sightseeing, slightly, solid, Spectator, stated, Transportation, unaffiliated, underwritten, utilized
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
12 Aug 22
10-Q
2022 Q1
Quarterly report
13 May 22
10-K
2021 FY
Annual report
18 Mar 22
10-Q
2021 Q3
Quarterly report
8 Nov 21
10-Q
2021 Q2
Quarterly report
12 Aug 21
10-Q
2021 Q1
Quarterly report
13 May 21
10-K/A
2020 FY
Annual report (amended)
21 Apr 21
10-K
2020 FY
Annual report
1 Apr 21
NT 10-K
Notice of late annual filing
31 Mar 21
10-Q
2020 Q3
Quarterly report
9 Nov 20
Current reports
View all
8-K
Other Events
29 Jul 22
8-K
ChoiceOne Financial Reports Second Quarter 2022 Results
27 Jul 22
8-K
Departure of Directors or Certain Officers
5 Jul 22
8-K
Departure of Directors or Certain Officers
27 May 22
8-K
Regulation FD Disclosure
25 May 22
8-K
Departure of Directors or Certain Officers
24 May 22
8-K
ChoiceOne Financial Reports First Quarter 2022 Results
29 Apr 22
8-K
Departure of Directors or Certain Officers
25 Mar 22
8-K
Regulation FD Disclosure
2 Feb 22
8-K
ChoiceOne Financial Reports Fourth Quarter and Year End 2021 Results
26 Jan 22
Registration and prospectus
View all
S-8 POS
Registration of securities for employees (post-effective amendment)
27 May 22
S-8 POS
Registration of securities for employees (post-effective amendment)
27 May 22
S-8
Registration of securities for employees
27 May 22
S-8
Registration of securities for employees
27 May 22
D
$32.5M in debt, sold $32.5M, 30 investors
10 Sep 21
425
Business combination disclosure
17 Jun 20
425
Business combination disclosure
2 Jun 20
425
Business combination disclosure
29 May 20
425
Business combination disclosure
18 May 20
425
Business combination disclosure
15 May 20
Proxies
View all
DEF 14A
Definitive proxy
21 Apr 22
DEF 14A
Definitive proxy
22 Apr 21
PRE 14A
Preliminary proxy
5 Apr 21
DEF 14A
Definitive proxy
16 Apr 20
DEF 14A
Definitive proxy
19 Apr 19
DEF 14A
Definitive proxy
18 Apr 18
DEF 14A
Definitive proxy
11 Apr 17
DEF 14A
Definitive proxy
6 Apr 16
DEF 14A
Definitive proxy
12 Mar 15
DEF 14A
Definitive proxy
30 Mar 14
Other
View all
EFFECT
Notice of effectiveness
4 May 20
CORRESP
Correspondence with SEC
28 Apr 20
UPLOAD
Letter from SEC
22 Mar 20
CERT
Certification of approval for exchange listing
5 Feb 20
EFFECT
Notice of effectiveness
8 Aug 19
UPLOAD
Letter from SEC
5 Aug 19
CORRESP
Correspondence with SEC
4 Aug 19
CORRESP
Correspondence with SEC
4 Aug 19
CORRESP
Correspondence with SEC
25 Jul 19
UPLOAD
Letter from SEC
10 Jul 19
Ownership
View all
4
CHOICEONE FINANCIAL SERVICES / DAVID BUSH ownership change
26 Jul 22
3
CHOICEONE FINANCIAL SERVICES / Bruce John Essex Jr ownership change
26 Jul 22
4
CHOICEONE FINANCIAL SERVICES / Roxanne M Page ownership change
6 Jul 22
4
CHOICEONE FINANCIAL SERVICES / Nels W Nyblad ownership change
6 Jul 22
4
CHOICEONE FINANCIAL SERVICES / Bradley F. McGinnis ownership change
6 Jul 22
4
CHOICEONE FINANCIAL SERVICES / Gregory A McConnell ownership change
6 Jul 22
4
CHOICEONE FINANCIAL SERVICES / JACK HENDON ownership change
6 Jul 22
4
CHOICEONE FINANCIAL SERVICES / PATRICK CRONIN ownership change
6 Jul 22
4
CHOICEONE FINANCIAL SERVICES / David J Churchill ownership change
6 Jul 22
4
CHOICEONE FINANCIAL SERVICES / DAVID BUSH ownership change
6 Jul 22

Reddit threads

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