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Choiceone Financial Services Inc
Choiceone Financial Services Inc (COFS) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Sparta, United States and has 577 employees. The company is worth $495.03M and trades at 9.0x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $227.62M in fiscal 2025, up 63.6% from the year before. Net income was $28.18M. The share price is 6.5% below its 52-week high of $35.40. It pays a dividend yielding 3.50%, and has raised its annual dividend for 14 years in a row in our records. 3 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $7M. In that quarter, 1 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +30.5% over 5Y.
today you would have $1,597.58▲ +59.8%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $29.52 | $35.64 | $29.30 | $29.00 | $26.49 | $30.81 | $31.96 | $25.00 | $22.67 | $21.54 | $21.59 | $20.86 | $15.50 | $13.10 | $11.11 | $10.88 | $8.16 | |
| P/E | 12.8x | 14.7x | 11.0x | 10.4x | 9.2x | 9.3x | 14.9x | 20.2x | 12.4x | 13.3x | 12.8x | 13.7x | 13.4x | 11.1x | 11.2x | 11.4x | 14.5x | 20.0x |
| P/S | 2.5x | 1.9x | 2.3x | 1.9x | 2.4x | 2.5x | 3.3x | 6.3x | 3.1x | 2.8x | 2.9x | 3.0x | 3.1x | 2.4x | 1.9x | 1.7x | 1.7x | — |
| P/B | 1.1x | 1.0x | 1.2x | 1.1x | 1.4x | 0.9x | 1.1x | 1.2x | 1.1x | 1.0x | 1.1x | 1.1x | 1.1x | 0.9x | 0.8x | 0.7x | 0.7x | — |
| EPS | $2.01 | $3.25 | $2.82 | $3.15 | $2.86 | $2.07 | $1.58 | $2.02 | $1.70 | $1.68 | $1.58 | $1.56 | $1.40 | $1.17 | $0.97 | $0.75 | $0.41 | |
| Dividend yield | 3.46% | 3.83% | 3.06% | 3.58% | 3.48% | 3.55% | 2.66% | 4.38% | 2.85% | 2.82% | 2.86% | 2.77% | 2.57% | 3.16% | 3.46% | 3.92% | 4.00% | 5.33% |
| Payout | 37.64% | 56.22% | 33.54% | 37.23% | 32.06% | 32.87% | 39.61% | 88.61% | 35.22% | 37.64% | 36.71% | 37.87% | 34.30% | 35.06% | 38.76% | 44.86% | 57.83% | 106.67% |
| Profit margin | 21.16% | 12.38% | 19.21% | 18.67% | 26.52% | 27.61% | 21.16% | 19.41% | 25.30% | 21.74% | 22.37% | 22.03% | 23.09% | 21.37% | 17.35% | 14.60% | 12.01% | 6.90% |
| ROE | 8.22% | 6.05% | 10.26% | 10.87% | 14.70% | 9.94% | 6.87% | 3.73% | 9.11% | 8.06% | 8.49% | 8.22% | 8.60% | 8.28% | 7.04% | 6.07% | 4.99% | 2.79% |
Median of the years shown; P/E years above 200x are left out.
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 3.5% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 12.8 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 3.2% a year against a 7.2% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+3.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| NOAHNOAH Holdings Ltd | $7.22 | 6.0x | 0.4x | 19.13% | 6.15% | $495.62M |
| AMSFAmerisafe Inc | $26.58 | 10.3x | 2.0x | 9.86% | 18.23% | $492.69M |
| AACAres Acquisition Corp III | $9.95 | — | — | 0.00% | — | $491.72M |
| OBTOrange County Bancorp, Inc. | $37.19 | 10.4x | 1.6x | 1.94% | 16.95% | $498.64M |
| NWAXNew America Acquisition I Corp. | $10.05 | — | 1674.2x | 0.00% | — | $500.24M |
| MLAAMountain Lake Acquisition Corp. II | $10.00 | — | — | 0.00% | — | $489.8M |