ChoiceOne Financial Services, Inc. (Nasdaq:COFS) is a financial services company that provides various products and services to corporations, partnerships, and individuals through ChoiceOne Bank. They do offer the full range of financial tools and chiefly earn most of their revenue through interest and fees. Currently, they have 31 branch locations in Michigan with over USD 2 billion in total assets.
Comps: Macatawa Bank Corporation (Nasdaq:MCBC), MainStreet Bancshares, Inc. (Nasdaq:MNSB)
In relation to two other banking corporations of similar size, ChoiceOne Financial Services posted a better yield at about 3.7%. Looking head-to-head, they displayed more advantageous earnings per share and price to earnings ratio than Macatawa Bank Corporation. In addition, they bring in higher revenues than MainStreet Bancshares.