How to Buy Choiceone Financial Services Stock
Choiceone Financial Services Inc
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.
Choiceone Financial Services stock last closed at $22.70, down 3.32% from the previous day, and has decreased 10.21% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.2 percentage points. Choiceone Financial Services stock is currently +43.29% from its 52-week low of $15.84, and -29.37% from its 52-week high of $32.14.
There are currently 7.55M shares of COFS outstanding. The market capitalization of COFS is $171.45M. In the last 24 hours, 9209 COFS shares were traded.
How to Buy Choiceone Financial Services Stock
Wondering how to invest in Choiceone Financial Services stock? Here's how.
- Decide where to buy Choiceone Financial Services stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you determine where to buy Choiceone Financial Services stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Pick your payment method and add your info.
- Research Choiceone Financial Services stock: The Choiceone Financial Services ticker symbol is COFS. Is Choiceone Financial Services stock a good investment? Should you buy shares of COFS? How do COFS's underlying business fundamentals look? Do top analysts think Choiceone Financial Services is a good buy? Why has COFS's stock price moved recently? (Hint: Our stock market research website can help you figure out if COFS is a good stock to buy).
- Place your COFS purchase: Decide if you will purchase COFS shares at the current market price or use a limit order to buy COFS shares at a given price.
- Get notifications regarding your COFS position: Create a watchlist to important notifications about your new investment in Choiceone Financial Services shares.
Step 1: Decide where to buy Choiceone Financial Services stock
You need an online brokerage account in order to access the NASDAQ market and buy COFS stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best brokerage. eToro gives you:
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Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal details so you can invest in COFS today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open a new brokerage account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have opened your account on one of the best stock market apps, you can securely and quickly fund your account:
Watch the video below to see the process of depositing money into your investment account.
Step 4: Research Choiceone Financial Services stock
After you have chosen the best place to buy Choiceone Financial Services stock, it's very important to analyze their stock before you invest, so you actually understand the risk and opportunity.
Choiceone Financial Services quick stats
COFS Fundamentals
WallStreetZen was built to help average investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on COFS's stock page.
What is the fair value of COFS stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge COFS's fair value.
Using relative valuations methods:
- COFS could be undervalued based on its P/E ratio of 8.05x, relative to Banks - Regional industry P/E ratio of -10.84x
- COFS may be undervalued based on its P/B ratio of 0.88x, relative to Banks - Regional industry P/B ratio of 0.95x
- COFS may be overvalued based on its PEG ratio of 1.63x
You can do more valuation analysis on COFS's stock here.
A look at COFS Cashflows and Balance Sheet
Pros:
- COFS earnings of $25.57M is not sufficient to cover its interest payments.
Cons:
- COFS's operating cash flow of $46.48M allows it to safely service it's debt of $235.51M.
- COFS profit margin has gone down from 29.1% to 26.4% in the past year.
- Total COFS debt is higher than 5 years ago, relative to shareholder equity.
- COFS has a relatively high debt to equity ratio of 12.17.
You can dig deeper into what analysts are saying on the Choiceone Financial Services stock forecast page.
COFS Technicals
Is COFS Growing Revenue?
Last year, COFS earnings were $21.26M. Over the last five year, COFS's earnings have gone up by 6.79% per year. This was slower than the Banks - Regional industry average of 16.37%.
Last year, COFS revenue was $80.64M. In the last 5 year, COFS's revenue has gone up by 22.74% per year. This was faster than the Banks - Regional industry average of 7.32%.
Dig into COFS's earnings and revenue performance here.
What are COFS insiders up to?
In the past 12 months, executives and large shareholders at COFS have bought more shares than they have sold.
Michael J. Burke Jr., President of COFS, was the latest COFS insider to sell. They sold $12,692.68 worth of COFS stock on Apr 15, 2024.
Research more about who owns COFS stock here.
Does COFS provide a stable income stream?
Choiceone Financial Services pays a dividend of 4.67%, compared to the Banks - Regional industry's average dividend yield of 3.99%. If you owned $1,000 worth of COFS stock, you would have been paid $46.70 last year.
Choiceone Financial Services dividend payments have consistently grown over the past decade but have not remained stable.
Find more analysis about Choiceone Financial Services dividend yield and history here.
What do other traders have to say about COFS?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your COFS purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, place a limit order.
Press the Open Trade button and eToro will place the order.
If you require more help investing in stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your COFS position
Now that you own some COFS stock, you'll want to keep up with your new shares.
Add COFS to a watchlist to get notified of important updates regarding your COFS stock.
COFS Feed
How to Buy Stock in Choiceone Financial Services
To summarize, here are the 6 steps to buy Choiceone Financial Services stock:
- Decide where to buy Choiceone Financial Services stock
- Open your brokerage account
- Fund your brokerage account
- Research Choiceone Financial Services stock
- Place your COFS purchase
- Get notifications regarding your COFS position
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to track your new investment in Choiceone Financial Services, add COFS to your watchlist below.
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