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ChoiceOne Financial Services, Inc. COFS
Financial Services - Banks - Regional - NASDAQ - US
Watchlist
$ 27.89
0.288 %
$ 418 M
Market Cap
23.05
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one COFS stock under the worst case scenario is HIDDEN Compared to the current market price of 27.9 USD, ChoiceOne Financial Services, Inc. is HIDDEN

COFS Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one COFS stock under the base case scenario is HIDDEN Compared to the current market price of 27.9 USD, ChoiceOne Financial Services, Inc. is HIDDEN

COFS Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one COFS stock under the best case scenario is HIDDEN Compared to the current market price of 27.9 USD, ChoiceOne Financial Services, Inc. is HIDDEN

COFS Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart COFS

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1M -4%
6M -26%
1Y 9%
3Y 59%
5Y 18%
All
$36.0$36.0$34.0$34.0$32.0$32.0$30.0$30.0$28.0$28.0$26.0$26.0$24.0$24.0Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
FINANCIALS
139 M REVENUE
22.14%
Growth Rates
1Year 22.14%
3Years 18.40%
5Years 27.28%
7Years 25.14%
10Years 18.34%
33.1 M OPERATING INCOME
29.42%
Growth Rates
1Year 29.42%
3Years 7.69%
5Years 31.34%
7Years 21.32%
10Years 15.59%
26.7 M NET INCOME
25.71%
Growth Rates
1Year 25.71%
3Years 6.63%
5Years 30.10%
7Years 23.30%
10Years 16.72%
48.6 M OPERATING CASH FLOW
4.66%
Growth Rates
1Year 4.66%
3Years 8.87%
5Years 39.52%
7Years 29.21%
10Years 20.60%
-97.9 M INVESTING CASH FLOW
46.01%
Growth Rates
1Year 46.01%
3Years 42.73%
5Years -29.86%
7Years -27.07%
10Years -9.74%
90.6 M FINANCING CASH FLOW
-38.12%
Growth Rates
1Year -38.12%
3Years -40.78%
5Years 78.12%
7Years 15.90%
10Years 12.72%
44.9 M REVENUE
24.56%
Growth Rates
1Year 22.14%
3Years 18.40%
5Years 27.28%
7Years 25.14%
10Years 18.34%
-17.6 M OPERATING INCOME
-199.97%
Growth Rates
1Year 29.42%
3Years 7.69%
5Years 31.34%
7Years 21.32%
10Years 15.59%
-13.9 M NET INCOME
-194.25%
Growth Rates
1Year 25.71%
3Years 6.63%
5Years 30.10%
7Years 23.30%
10Years 16.72%
-6.47 M OPERATING CASH FLOW
-26.96%
Growth Rates
1Year 4.66%
3Years 8.87%
5Years 39.52%
7Years 29.21%
10Years 20.60%
257 M INVESTING CASH FLOW
717.39%
Growth Rates
1Year 46.01%
3Years 42.73%
5Years -29.86%
7Years -27.07%
10Years -9.74%
-208 M FINANCING CASH FLOW
-558.29%
Growth Rates
1Year -38.12%
3Years -40.78%
5Years 78.12%
7Years 15.90%
10Years 12.72%
Balance Sheet ChoiceOne Financial Services, Inc.
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Current Assets 576 M
Cash & Short-Term Investments 576 M
Receivables 0
Other Current Assets 350 K
Non-Current Assets 2.15 B
Long-Term Investments 1.94 B
PP&E 27.1 M
Other Non-Current Assets 182 M
21.13 %71.19 %6.67 %Total Assets$2.7b
Current Liabilities 2.37 B
Accounts Payable 0
Short-Term Debt 155 M
Other Current Liabilities 2.21 B
Non-Current Liabilities 93.7 M
Long-Term Debt 55.8 M
Other Non-Current Liabilities 38 M
6.29 %89.90 %Total Liabilities$2.5b
EFFICIENCY
Earnings Waterfall ChoiceOne Financial Services, Inc.
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Revenue 139 M
Cost Of Revenue 47.3 M
Gross Profit 91.8 M
Operating Expenses 58.7 M
Operating Income 33.1 M
Other Expenses 6.36 M
Net Income 26.7 M
140m140m120m120m100m100m80m80m60m60m40m40m20m20m00139m(47m)92m(59m)33m(6m)27mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
66.00% GROSS MARGIN
66.00%
Averages
1Year 66.00%
3Years 76.08%
5Years 82.50%
7Years 84.75%
10Years 87.90%
23.79% OPERATING MARGIN
23.79%
Averages
1Year 23.79%
3Years 25.76%
5Years 26.59%
7Years 25.76%
10Years 26.75%
19.21% NET MARGIN
19.21%
Averages
1Year 19.21%
3Years 21.47%
5Years 22.12%
7Years 21.59%
10Years 21.53%
10.26% ROE
10.26%
Averages
1Year 10.26%
3Years 11.71%
5Years 10.39%
7Years 9.26%
10Years 8.96%
0.98% ROA
0.98%
Averages
1Year 0.98%
3Years 0.93%
5Years 0.91%
7Years 0.88%
10Years 0.91%
5.25% ROIC
5.25%
Averages
1Year 5.25%
3Years 6.25%
5Years 6.43%
7Years 6.15%
10Years 6.14%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis ChoiceOne Financial Services, Inc.
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50m50m45m45m40m40m35m35m30m30m25m25m20m20m15m15m10m10m5m5m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 26.7 M
Depreciation & Amortization 12.3 M
Capital Expenditures -1.71 M
Stock-Based Compensation 720 K
Change in Working Capital 14 M
Others 9.14 M
Free Cash Flow 46.9 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets ChoiceOne Financial Services, Inc.
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Wall Street analysts predict an average 1-year price target for COFS of $37 , with forecasts ranging from a low of $37 to a high of $37 .
COFS Lowest Price Target Wall Street Target
37 USD 32.66%
COFS Average Price Target Wall Street Target
37 USD 32.66%
COFS Highest Price Target Wall Street Target
37 USD 32.66%
Price
Max Price Target
Min Price Target
Average Price Target
38383636343432323030282826262424Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
1.78% DIVIDEND YIELD
0.28 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
1.600001.600001.400001.400001.200001.200001.000001.000000.800000.800000.600000.600000.400000.400000.200000.200000.000000.000000.136050.15420.15420.171430.20.20.220.250.260.270.280.15420.15420.16190.180.20.20.220.250.260.270.280.15420.15420.16190.180.80.20.250.250.260.270.15420.600.15420.620.16190.640.180.710.21.400.220.820.250.940.261.010.271.050.281.090.562015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership ChoiceOne Financial Services, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
33.1 K USD 2
3-6 MONTHS
0 USD 0
6-9 MONTHS
1.38 M USD 11
9-12 MONTHS
7. News
ChoiceOne Financial Announces Cash Dividends SPARTA, Mich. , May 21, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.28 per share. prnewswire.com - 1 month ago
Chairman Jack G. Hendon Retires from ChoiceOne Boards of Directors, Gregory A. SPARTA, Mich. , May 21, 2025 /PRNewswire/ -- The Boards of Directors of ChoiceOne Financial Services, Inc. (NASDAQ: COFS) ("ChoiceOne"), and ChoiceOne Bank announce the retirement of Chairman Jack G. prnewswire.com - 1 month ago
ChoiceOne Financial Services, Inc. (COFS) Q1 Earnings Beat Estimates ChoiceOne Financial Services, Inc. (COFS) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.74 per share a year ago. zacks.com - 1 month ago
ChoiceOne Reports First Quarter 2025 Results SPARTA, Mich. , April 30, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne") (NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended March 31, 2025. prnewswire.com - 1 month ago
ChoiceOne Financial Services, Inc. Completes Successful Consolidation of ChoiceOne Bank and The State Bank SPARTA, Mich. , March 17, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc., (NASDAQ: COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, announced the successful consolidation of The State Bank with and into ChoiceOne Bank on March 14, 2025. prnewswire.com - 3 months ago
ChoiceOne Financial Services, Inc. and Fentura Financial, Inc. Complete Merger SPARTA, Mich. and FENTON, Mich. prnewswire.com - 3 months ago
ChoiceOne Financial Announces Cash Dividends SPARTA, Mich. , Feb. 26, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.28 per share. prnewswire.com - 3 months ago
ChoiceOne Financial Services, Inc. Receives Regulatory Approval for Merger with Fentura Financial, Inc. SPARTA, Mich. , Feb. 12, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc., (NASDAQ: COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, today announced the receipt of regulatory approval from the Board of Governors of the Federal Reserve System to complete the merger of Fentura Financial, Inc. (OTCQX: FETM) ("Fentura"), the parent company of The State Bank, with and into ChoiceOne, with ChoiceOne continuing as the surviving corporation. prnewswire.com - 4 months ago
ChoiceOne Financial Services, Inc. (COFS) Q4 Earnings Match Estimates ChoiceOne Financial Services, Inc. (COFS) came out with quarterly earnings of $0.83 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.70 per share a year ago. zacks.com - 5 months ago
ChoiceOne Reports Fourth Quarter and Year End 2024 Results SPARTA, Mich. , Jan. 22, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended December 31, 2024. prnewswire.com - 5 months ago
ChoiceOne Financial Services, Inc. and Fentura Financial, Inc. Shareholders Approve Merger SPARTA, Mich., and FENTON, Mich. prnewswire.com - 6 months ago
The Zacks Analyst Blog Raymond James Financial, ChoiceOne Financial Services, Royal Bank of Canada and Canadian Imperial Bank of Commerce Raymond James Financial, ChoiceOne Financial Services, Royal Bank of Canada and Canadian Imperial Bank of Commerce are included in this Analyst Blog. zacks.com - 6 months ago
8. Profile Summary

ChoiceOne Financial Services, Inc. COFS

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COUNTRY US
INDUSTRY Banks - Regional
MARKET CAP $ 418 M
Dividend Yield 1.78%
Description 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. The company offers various deposit products, including time, savings, and demand deposits, safe deposit, and automated transaction machine services. It also provides commercial loans, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers safe deposit and automated transaction machine services; and alternative investment products, including annuities and mutual funds, as well as sells insurance policies, such as life and health for commercial and consumer clients. It operates 32 full-service offices in Kent, Muskegon, Newaygo, and Ottawa, Lapeer, Macomb, and St. Clair counties, Michigan. The company also operates three loan production offices. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.
Contact 109 East Division Street, Sparta, MI, 49345 https://www.choiceone.com
IPO Date June 21, 2001
Employees 605
Officers Robert G. Michel SVice President & Operations Officer Mr. Lee A. Braford Senior Vice President & Chief Credit Officer of ChoiceOne Bank Mr. Steven M. DeVolder Senior Vice President & Senior Trust Officer Mr. Bradley A. Henion Executive Vice President & Chief Lending Officer Mr. Kelly J. Potes CFP Chief Executive Officer & Director Danielle Chateauvert Vice President of Marketing Mr. Adom J. Greenland CPA Chief Financial Officer, Executive Vice President, Secretary & Treasurer Mr. Michael J. Burke Jr. President & Director Ms. Shelly M. Childers Senior Vice President & Chief Information Officer Bart E. Jonker SVice President of Risk Management & Compliance Officer