Japan PPI inflation slips to 11-mth low in July
Curt E. Coulter, a director at ChoiceOne Financial Services Inc . (NASDAQ:COFS), recently acquired 10 shares of the company’s common stock. The shares were purchased at a price of $29.78 each, totaling approximately $297. The purchase comes as the stock trades at an attractive P/E ratio of 8.77, with InvestingPro analysis suggesting the shares are currently undervalued. Following this transaction, Coulter holds a direct ownership of 8,850.6742 shares. The acquisition also included additional shares acquired through the reinvestment of cash dividends, as noted in the Form 4 filing with the Securities and Exchange Commission. The company maintains a solid 3.9% dividend yield and has consistently paid dividends for 32 consecutive years, with increases in the past four years. InvestingPro offers additional insights on COFS’s dividend sustainability and growth potential.
In other recent news, ChoiceOne Financial Services, Inc. announced a quarterly cash dividend of $0.28 per share for the first quarter of 2025, maintaining the same amount as the previous quarter. This reflects a slight increase from the $0.27 per share paid in the first quarter of the previous year. Additionally, ChoiceOne received regulatory approval for its merger with Fentura Financial, Inc. The approval from the Board of Governors of the Federal Reserve System marks a significant step toward completing the merger, initially announced in July 2024. The merger will result in Fentura being absorbed by ChoiceOne, with the latter continuing as the surviving corporation. The completion of this transaction is contingent upon certain customary closing conditions. Investors are advised to consider the risk factors associated with the merger, as outlined in ChoiceOne’s SEC filings.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.