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ChoiceOne Financial Services
(NASDAQ:COFS)
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Rating:74Outperform
Price Target:
$39.00
▲(26.05% Upside)
Action:Reiterated
Date:05/22/26
The score is driven primarily by solid financial performance (revenue growth, improved TTM margins, and better leverage) and attractive valuation (low P/E with a healthy dividend). Technicals are supportive with price above key moving averages, while the main risk tempering the score is cash-flow consistency and heightened property-related loan concentration noted in KPIs, which can increase sensitivity to the credit/rate cycle.
Positive Factors
Strong revenue growth & improving margins
Sustained top-line expansion and a materially higher net margin indicate stronger core earnings power from both lending and fee businesses. Over months, this underpins internal capital generation, supports dividend capacity and funds selective growth without reliance on volatile external financing.
Negative Factors
Inconsistent operating cash flow
Despite positive free cash flow recently, uneven operating cash flow reduces predictability of internal funding for lending, dividends, and capital expenditures. Over several months this can constrain strategic flexibility and raise reliance on deposits or wholesale funding in stress periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth & improving margins
Sustained top-line expansion and a materially higher net margin indicate stronger core earnings power from both lending and fee businesses. Over months, this underpins internal capital generation, supports dividend capacity and funds selective growth without reliance on volatile external financing.
Read all positive factors
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 (COFS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$498.67M
Dividend Yield3.69%
Average Volume (3M)83.75K
Price to Earnings (P/E)8.9
Beta (1Y)0.82
Revenue Growth59.56%
EPS Growth203.82%
CountryUS
Employees605
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.71
Shares Outstanding14,975,035
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 Ratio16.34
Enterprise Value/Market Cap1.27
Enterprise Value/Revenue2.61
Enterprise Value/Gross Profit3.69
Enterprise Value/Ebitda7.04
Forecast
1Y Price Target
$34.00Price Target Upside9.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)3.61
Revenue Forecast (FY)$175.60M
ChoiceOne Financial Services Business Overview & Revenue Model
Company Description
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 in...
How the Company Makes Money
COFS primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is generated by earning interest and fees on loans and other interest-earning assets and paying interest on deposits and other funding sourc...
ChoiceOne Financial Services Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 241.83M | 192.89M | 139.10M | 113.89M | 89.13M | 83.81M |
| Gross Profit | 171.31M | 112.19M | 91.81M | 80.64M | 81.14M | 79.42M |
| EBITDA | 89.63M | 54.06M | 45.42M | 38.00M | 41.00M | 38.92M |
| Net Income | 55.79M | 28.18M | 26.73M | 21.26M | 23.64M | 22.04M |
Balance Sheet | ||||||
| Total Assets | 4.39B | 4.41B | 2.72B | 2.58B | 2.39B | 2.37B |
| Cash, Cash Equivalents and Short-Term Investments | 83.87M | 222.26M | 575.52M | 570.03M | 573.69M | 1.13B |
| Total Debt | 233.37M | 313.46M | 210.75M | 235.51M | 85.26M | 85.02M |
| Total Liabilities | 3.92B | 3.95B | 2.46B | 2.38B | 2.22B | 2.15B |
| Stockholders Equity | 470.00M | 465.35M | 260.42M | 195.63M | 168.87M | 221.67M |
Cash Flow | ||||||
| Free Cash Flow | 30.79M | 25.19M | 46.94M | 42.25M | 43.16M | 34.94M |
| Operating Cash Flow | 38.11M | 31.81M | 48.65M | 46.48M | 44.33M | 37.70M |
| Investing Cash Flow | -135.73M | 106.69M | -97.91M | -181.37M | -89.81M | -521.37M |
| Financing Cash Flow | 42.41M | -147.26M | 90.58M | 146.37M | 57.54M | 436.04M |
ChoiceOne Financial Services Technical Analysis
Positive
30.94
Price Trends
31.79
Positive
30.20
Positive
29.43
Positive
Market Momentum
0.39
Positive
52.85
Neutral
30.44
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 below the 20-day moving average (MA) of 32.93, below the 50-day MA of 31.79, and above the 200-day MA of 29.43, indicating a neutral trend. The MACD of 0.39 indicates Positive momentum. The RSI at 52.85 is Neutral, neither overbought nor oversold. The STOCH value of 30.44 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 | $539.97M | 11.36 | 10.86% | 1.92% | 3.07% | 25.18% | |
79 Outperform | $559.12M | 14.14 | 15.41% | 1.63% | 10.47% | 36.72% | |
77 Outperform | $676.37M | 13.16 | 12.04% | 3.59% | 8.85% | 82.76% | |
74 Outperform | $498.67M | 8.87 | 12.28% | 3.69% | 59.56% | 203.82% | |
70 Outperform | $599.49M | 11.91 | 10.67% | ― | 17.01% | 61.90% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
COFS
ChoiceOne Financial Services
32.89
5.20
18.78%
AROW
Arrow Financial
40.80
15.06
58.54%
GCBC
Greene County Bancorp
32.37
8.23
34.10%
HBCP
Home Bancorp
68.39
13.88
25.46%
BWB
Bridgewater Bancshares
21.55
5.50
34.27%
ChoiceOne Financial Services Corporate Events
Executive/Board ChangesShareholder Meetings
ChoiceOne Shareholders Back Board, Executive Pay and Auditor
Positive
May 22, 2026
At its annual meeting on May 20, 2026, ChoiceOne Financial Services shareholders elected five directors to the board, with all nominees receiving sufficient support despite some withheld votes. Investors also provided advisory approval of the comp...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
ChoiceOne Holds Annual Meeting, Highlights Growth and Governance
Positive
May 20, 2026
ChoiceOne Financial Services, Inc. is holding its 39th annual shareholder meeting on May 20, 2026, where shareholders will vote on the election of directors, an advisory approval of executive compensation and the ratification of Plante Moran, PLL...
Business Operations and StrategyRegulatory Filings and Compliance
ChoiceOne Financial Launches New Investor Presentation Outreach
Neutral
May 5, 2026
ChoiceOne Financial Services, Inc., a financial services company, has prepared presentation materials for use in meetings with investors. These materials are associated with a Form 8-K filing and are being furnished as an exhibit.The company plans...
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.