Choiceone Financial Services Inc (NASDAQ: COFS) has reported E.P.S. of $0.87 for its second fiscal quarter (ending June 30) versus $0.69 for the same period a year ago — an increase of 26%. This performance was $0.11 better than the consensus estimate of $0.76. For the latest four quarters through June 30, E.P.S. were $3.00 versus $3.10 for the same period a year ago — a decline of -3%.
Recent Price Action
Choiceone Financial Services Inc (NASDAQ: COFS) stock closed at $25.58 on 7/25/24 after a major decline of -14.0%. Moreover, this decline was accompanied by exceptionally high trading volume at 603% of normal. The stock has declined -9.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
COFS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Choiceone Financial Services has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Choiceone Financial Services has a good Appreciation Score of 76 but a neutral Power Rating of 40, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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