ChoiceOne Financial Services, Inc. (COFS)
ChoiceOne Financial Services, Inc. operates in the Banks - Regional industry of the Financial Services sector, headquartered in Sparta, MI, US. The stock last traded at $34.38, up 0.51% on the session, giving a market capitalisation of $513.9M. On trailing twelve-month figures it carries a trailing P/E of 9.44, a net margin of 30.0%. Its beta of 0.62 implies it has historically moved less than the broad market.
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.
ChoiceOne Financial Services, Inc. is most often compared with the following Financial Services names: