ChoiceOne Financial Services(COFS)
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COFS ALERT: The M&A Class Action Firm Launches Investigation of the Merger of ChoiceOne Financial Services, Inc.
GlobeNewswire News Room· 2024-07-27 11:48
Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating ChoiceOne Financial Services, Inc. (Nasdaq: COFS), relating to its proposed merger with Fentura Financial, Inc. Under the terms of the agreement, ChoiceOne stockholders will receive 1.35 shares of Fentura stock per share of ChoiceO ...
STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger of ChoiceOne Financial Services, Inc. - COFS
Prnewswire· 2024-07-26 19:05
Click here for more information https://monteverdelaw.com/case/choiceone-financial-services-inc/. It is free and there is no cost or obligation to you. 1. Do you file class actions and go to Court? 2. When was the last time you recovered money for shareholders? 3. What cases did you recover money in and how much? Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record ...
ChoiceOne Financial Services, Inc. Announces Closing of $34.5 Million Offering of Common Stock
Prnewswire· 2024-07-26 14:47
SPARTA, Mich., July 26, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. (NASDAQ: COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, today announced the closing of its underwritten public offering of 1,380,000 shares of its common stock at a price to the public of $25.00 per share, including 180,000 shares of common stock sold pursuant to the underwriter's option to purchase additional shares to cover overallotments, which was exercised in full. The aggregate gross proceeds of the offering we ...
ChoiceOne Financial Services, Inc. (COFS) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-07-25 13:40
ChoiceOne Financial Services, Inc. (COFS) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items. What's Next for ChoiceOne Financial Services? Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous ...
ChoiceOne Financial Services, Inc. Announces Merger with Fentura Financial, Inc.
Newsfilter· 2024-07-25 12:08
SPARTA, Mich. and FENTON, Mich., July 25, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. (NASDAQ: COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, and Fentura Financial, Inc. (OTCQX: FETM) ("Fentura"), the parent company of The State Bank, today announced the signing of a definitive merger agreement pursuant to which ChoiceOne and Fentura will merge in an all-stock transaction. The agreement was unanimously approved by the boards of directors of both companies. Subject to NASDAQ independe ...
ChoiceOne Financial Services, Inc. Announces Merger with Fentura Financial, Inc.
Prnewswire· 2024-07-25 12:00
Under the terms of the merger agreement, each share of Fentura common stock outstanding immediately prior to completion of the merger will be converted into the right to receive 1.35 shares of ChoiceOne common stock. The proposed transaction is valued at $40.18 per share of Fentura common stock, or approximately $180.4 million in the aggregate, based on the closing price of ChoiceOne's common stock of $29.76 on July 24, 2024. For additional information about the proposed merger, please see the Investor Pres ...
ChoiceOne Financial Services(COFS) - 2024 Q2 - Quarterly Results
2024-07-25 11:34
EXHIBIT 99.1 Financial Highlights "As we navigate through the evolving economic landscape, our bank has achieved consistent growth due to our strong team, technology, and relationships we have with our customers. Our strategic efforts have improved our net interest margin, bolstered by the use of derivative instruments which contribute positive cashflow. These steps have strengthened our financial base, so that ChoiceOne is well positioned to handle the market's fluctuations in different rate environments," ...
ChoiceOne Reports Second Quarter 2024 Results
Prnewswire· 2024-07-25 11:30
Deposits, excluding brokered deposits, decreased $44.4 million or an annualized 8.3% in the second quarter of 2024 and increased $64.5 million or 3.2% during the twelve months since June 30, 2023. The decrease in deposits in the second quarter was largely public funds including schools and townships which historically fluctuate with summer tax bill collection in July. The increase in deposits in the trailing twelve months is a combination of new business and recapture of deposit losses from the prior year. ...
ChoiceOne Bank and DPT Solutions Offer Metriciti, A Commercial Lending Platform Built for Community Banking
Prnewswire· 2024-07-17 19:00
"DPT is known for building human-centered solutions," said McGraw. "As the exclusive reseller of Metriciti, our team will work exclusively with financial institutions to ensure their lead to loan process is executed within the Metriciti ecosystem. We will also provide ongoing support. Our vision is to usher in a new era of financial services. We believe that financial institutions, like many other industries, not only need to keep pace with change but lead it." Post this Pictured from left to right: Josh Hu ...
Should Value Investors Buy ChoiceOne Financial Services (COFS) Stock?
ZACKS· 2024-06-19 14:45
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. ChoiceOne Financial Services (COFS) is a stock many investors are watching right now. COFS is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 8.56 right now. For comparison, its in ...