ChoiceOne Financial Services Inc (COFS)
NASDAQ:COFS
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ChoiceOne Financial Services
(NASDAQ:COFS)
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Rating:58Neutral
Price Target:
$30.00
▼(-3.04% Downside)
Action:DowngradedDate:02/21/26
The score is primarily held back by financial performance—especially the sharp 2025 deterioration to zero reported operating/free cash flow alongside weaker revenue and margins. Technicals are neutral with slightly negative momentum, while valuation is supportive (reasonable P/E and a solid dividend yield). Corporate updates are constructive on strategy and scale, but the post-2025 loan mix shift toward property exposure adds risk.
Positive Factors
Diversified revenue streams
ChoiceOne earns from loans (interest), fee services, and investment/AUM fees, giving multiple stable revenue pillars. Over 2–6 months this mix cushions net interest margin swings and provides recurring fee income that supports earnings even if one channel softens.
Negative Factors
Cash-flow collapse in 2025
A drop to zero operating and free cash flow in 2025 marks a sharp deviation from 2021–2024 trends and creates durable uncertainty about cash conversion. This undermines internal funding for loans, dividends, and M&A, raising structural funding and liquidity risks until cash generation normalizes.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
ChoiceOne earns from loans (interest), fee services, and investment/AUM fees, giving multiple stable revenue pillars. Over 2–6 months this mix cushions net interest margin swings and provides recurring fee income that supports earnings even if one channel softens.
Read all positive factors
ChoiceOne Financial Services (COFS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$470.84M
Dividend Yield3.69%
Average Volume (3M)83.75K
Price to Earnings (P/E)7.7
Beta (1Y)0.84
Revenue Growth59.56%
EPS Growth203.82%
CountryUS
Employees605
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.10
Shares Outstanding14,956,917
10 Day Avg. Volume91,020
30 Day Avg. Volume83,751
Financial Highlights & Ratios
PEG Ratio-0.38
Price to Book (P/B)0.88
Price to Sales (P/S)2.13
P/FCF Ratio29.34
Enterprise Value/Market Cap1.32
Enterprise Value/Revenue2.72
Enterprise Value/Gross Profit4.22
Enterprise Value/Ebitda12.72
Forecast
1Y Price Target
$34.00Price Target Upside9.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)3.58
Revenue Forecast (FY)$175.60M
ChoiceOne Financial Services Business Overview & Revenue Model
Company 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 ...
How the Company Makes Money
ChoiceOne Financial Services generates revenue through multiple streams, primarily from interest income on loans and mortgages issued to customers. The company earns money by charging interest on various types of loans, including personal loans, c...
ChoiceOne Financial Services Key Performance Indicators (KPIs)
Any
Total Loans By Segment
Provides a breakdown of the company's loan portfolio across different segments, highlighting areas of lending focus and potential risk exposure. This insight helps assess the bank's strategy in targeting specific markets and its ability to manage credit risk effectively.
Provides a breakdown of the company's loan portfolio across different segments, highlighting areas of lending focus and potential risk exposure. This insight helps assess the bank's strategy in targeting specific markets and its ability to manage credit risk effectively.
Data provided by:
The Fly
The FlyChoiceOne Financial Services Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 192.89M | 139.10M | 113.89M | 89.13M | 83.81M |
| Gross Profit | 112.19M | 91.81M | 80.64M | 81.14M | 79.42M |
| EBITDA | 34.19M | 45.42M | 38.00M | 41.00M | 38.92M |
| Net Income | 28.18M | 26.73M | 21.26M | 23.64M | 22.04M |
Balance Sheet | |||||
| Total Assets | 4.41B | 2.72B | 2.58B | 2.39B | 2.37B |
| Cash, Cash Equivalents and Short-Term Investments | 222.26M | 575.52M | 570.03M | 573.69M | 1.13B |
| Total Debt | 313.46M | 210.75M | 235.51M | 85.26M | 85.02M |
| Total Liabilities | 3.95B | 2.46B | 2.38B | 2.22B | 2.15B |
| Stockholders Equity | 465.35M | 260.42M | 195.63M | 168.87M | 221.67M |
Cash Flow | |||||
| Free Cash Flow | 14.03M | 46.94M | 42.25M | 43.16M | 34.94M |
| Operating Cash Flow | 20.65M | 48.65M | 46.48M | 44.33M | 37.70M |
| Investing Cash Flow | -29.42M | -97.91M | -181.37M | -89.81M | -521.37M |
| Financing Cash Flow | -96.75M | 90.58M | 146.37M | 57.54M | 436.04M |
ChoiceOne Financial Services Technical Analysis
Positive
30.94
Price Trends
28.64
Positive
29.12
Positive
28.89
Positive
Market Momentum
0.62
Negative
69.26
Neutral
55.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For COFS, the sentiment is Positive. The current price of 30.94 is above the 20-day moving average (MA) of 28.85, above the 50-day MA of 28.64, and above the 200-day MA of 28.89, indicating a bullish trend. The MACD of 0.62 indicates Negative momentum. The RSI at 69.26 is Neutral, neither overbought nor oversold. The STOCH value of 55.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for COFS.
ChoiceOne Financial Services Risk Analysis
ChoiceOne Financial Services disclosed 35 risk factors in its most recent earnings report. ChoiceOne Financial Services reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
ChoiceOne Financial Services Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $505.30M | 10.30 | 10.86% | 1.92% | 3.07% | 25.18% | |
78 Outperform | $406.26M | 9.07 | 15.41% | 1.63% | 10.47% | 36.72% | |
71 Outperform | $613.41M | 10.20 | 12.04% | 3.59% | 8.85% | 83.09% | |
70 Outperform | $516.40M | 7.07 | 10.67% | ― | 17.01% | 61.90% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | $470.84M | 7.70 | 12.28% | 3.69% | 59.56% | 203.82% |
* Financial Sector Average
COFS
ChoiceOne Financial Services
31.48
3.57
12.77%
AROW
Arrow Financial
37.15
12.02
47.84%
GCBC
Greene County Bancorp
23.86
1.80
8.17%
HBCP
Home Bancorp
64.43
14.57
29.22%
BWB
Bridgewater Bancshares
18.52
3.01
19.41%
ChoiceOne Financial Services Corporate Events
Business Operations and StrategyFinancial Disclosures
ChoiceOne Presents Updated Investor Overview and Strategy
Positive
Feb 4, 2026
ChoiceOne Financial Services has released investor presentation materials to be used in meetings with investors beginning February 4, 2026, outlining its financial profile, management team, accolades and merger activity through year-end 2025. As o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.