ChoiceOne Financial Services, Inc.

$ 31.87 -0.96 %

ChoiceOne Financial Services, Inc. functions as the holding company for ChoiceOne Bank, which delivers a comprehensive range of community banking services to businesses (corporations and partnerships) and individual clients across Michigan. The institution offers diverse deposit solutions, including time, savings, and demand accounts, alongside access to safe deposit boxes and automated teller machine (ATM) facilities. Its lending portfolio is extensive, providing commercial loans for various purposes such such as business operations, industrial endeavors, agriculture, construction projects, inventory financing, and real estate purchases. For consumers, ChoiceOne extends both direct and indirect loans, catering to personal needs and residential property acquisition. Beyond traditional banking, the company also provides alternative investment products, such as annuities and mutual funds, and offers life and health insurance policies to both its commercial and individual clientele. ChoiceOne maintains a substantial operational footprint with 32 full-service branch offices situated in Michigan's Kent, Muskegon, Newaygo, Ottawa, Lapeer, Macomb, and St. Clair counties. Additionally, it operates three specialized loan production offices. Established in 1898, ChoiceOne Financial Services, Inc. is headquartered in Sparta, Michigan.

CEO: Kelly J. Potes - https://www.choiceone.com

Price objectif

$34 6.68 %

Recommandation

Buy

DCF

$ 89.24

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COFS vs S&P500

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Quick ratio

0.52

indicates that the company may have difficulty covering its short-term debts with its readily available assets.

P/E ratio

7.55

may indicate that the company is undervalued or has poor growth prospects.

EPS

4.22

is the net profit of a company divided by the number of outstanding shares, indicating the profit earned per share.

ROE

12.28 %

reflects reasonable profitability, showing good use of equity.

ROIC

1.27 %

does not generate enough return to cover its financing costs, which indicates value destruction and may pose long-term profitability issues.

WACC

11.44

is a company's average cost of capital, weighted by the proportion of debt and equity in its financing. It represents the minimum return the company must generate to satisfy its investors.

Debt-to-Equity Ratio

0.50

indicates that the company uses more equity than debt, suggesting prudent management.

Free cash flow per share

2.05

is a measure of a company's financial flexibility that is determined by dividing free cash flow by the total number of shares outstanding.

Dividend payout ratio

30.64 %

indicates that the company is retaining a large portion of its profits to reinvest in growth

Earnings per share

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Financials

Piotroski score
7 indicates good financial health
Altman score
0.19 indicates a high risk of bankruptcy
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Cash / Debt

Cash Ratio
0.51 indicates that the company has a moderate ability to cover its short-term debts with its cash
Debt Ratio
0.05 indicates that the company uses little debt to finance its assets, suggesting good financial stability
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Free Cash Flow

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Earnings Per Share (annual)

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Sales

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