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ChoiceOne Financial Services Inc, known by the ticker symbol COFS,  is a nano-cap MI regional bank, operating in the financial services business sector. This is my first report on COFS for this Viital portfolio or any of my previous six dog of the week portfolios.

ChoiceOne Financial Services Inc is a full-service banking institution. It is engaged in the business of providing personal and business banking solutions, borrowing solutions, and treasury services. 

The bank's product and services portfolio consist of time, savings and demand deposits, safe deposit services, automated transaction machine services, commercial and consumer loans, commercial lending to business, industry, agricultural, construction, inventory, and real estate categories.

It operates 32 full-service offices in Kent, Muskegon, Newaygo, Ottawa, and St. Clair counties, Michigan. 

The company was founded in 1898 and is headquartered in Sparta, Michigan.

Three key data points gauge any dividend equity or fund such as ChoiceOne Financial Services Inc (COFS):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money. 

COFS Price

ChoiceOne's price per share was $25.93 as of Monday's market close. One year ago its price was $25.38. Therefore ChoiceOne's share price increased by $0.55 or 2.17% in the past year.

If ChoiceOne's stock trades in the range of $23.00 to $30.00 this next year, its recent $25.93 share price might rise by $1.27 to reach $27.20 by March 1, 2023. This estimate is  $0.03 below the ten-year average annual price increase for COFS over the past ten years.

COFS Dividends

ChoiceOne's most recent quarterly dividend of $0.25 is payable on March 31st, to shareholders on record as of March 14th.  The COFS  Annual estimated dividend payout per share of $1.00 yields 3.86% per yesterday's $25.93. closing price. 

ChoiceOne has paid regular quarterly dividend payouts generally increasing annually since May 2009. That stretch will mark 13 years come May.

COFS Returns

Adding the $1.00 annual ChoiceOne forward-looking dividend to its estimated one-year price upside of $1.27 shows a $2.27 potential gross gain, per share, to be reduced by any costs to trade COFS shares.  

At yesterday's $25.93 price per share, a little over $1000 would buy 39 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at the sale and might cost us  $0.26 per share.

Subtract that maybe $0.26 brokerage cost from my estimated $2.27 gross gain estimate per share results in a net gain of $2.01 X 39 shares = $78.39 for a 7.8% net gain on a $1,011.27 investment.

So it is that ChoiceOne Financial Services Inc (COFS) shows a possible 7.8% net gain including a 3.86% forward estimated dividend yield. 

Over the next year at this time, our $1000 investment in ChoiceOne Financial Services Inc (COFS) could generate $38.60 in cash dividends alone. Note that a single share of COFS stock bought at yesterday's share price of $25.93 is about 33% under the dividend income from $1000.00 invested. So, by my dogcatcher ideal, now is a good time to pick up ChoiceOne Financial Services Inc (COFS)  shares. The estimated next-year dividend from $1K invested is 32.8 % more than yesterday's single share price of COFS. Consider yourself alerted. It's a sign!  Now's the time!

All of the estimates above are speculation based on the past history of ChoiceOne Financial Services Inc (COFS). Only time and money invested in this stock will determine its market value.