Based on the analysis of ChoiceOne Financial's profitability, liquidity, and operating efficiency, ChoiceOne Financial Services is doing better financially today then in previous quarter. It has a moderate probability of reporting better financial numbers in December. At this time, ChoiceOne Financial's Non Current Assets Total are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to about 1.6 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 3.9 M in 2024. Key indicators impacting ChoiceOne Financial's financial strength include:
Investors should never underestimate ChoiceOne Financial's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor ChoiceOne Financial's cash flow, debt, and profitability to make informed and accurate decisions about investing in ChoiceOne Financial Services.
Net Income
22.32 Million
ChoiceOne
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Understanding current and past ChoiceOne Financial Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of ChoiceOne Financial's financial statements are interrelated, with each one affecting the others. For example, an increase in ChoiceOne Financial's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in ChoiceOne Financial's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of ChoiceOne Financial Services. Check ChoiceOne Financial's Beneish M Score to see the likelihood of ChoiceOne Financial's management manipulating its earnings.
ChoiceOne Financial Stock Summary
ChoiceOne Financial competes with Fifth Third, Zions Bancorporation, Huntington Bancshares, Comerica, and MT Bank. ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides community banking services to corporations, partnerships, and individuals in Michigan. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan. Choiceone Financial operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 383 people.
The reason investors look at the income statement is to determine what ChoiceOne Financial's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
Comparative valuation techniques use various fundamental indicators to help in determining ChoiceOne Financial's current stock value. Our valuation model uses many indicators to compare ChoiceOne Financial value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ChoiceOne Financial competition to find correlations between indicators driving ChoiceOne Financial's intrinsic value. More Info.
ChoiceOne Financial Services is rated third in return on equity category among its peers. It also is rated third in return on asset category among its peers reporting about 0.08 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for ChoiceOne Financial Services is roughly 12.33 . At this time, ChoiceOne Financial's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value ChoiceOne Financial by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
ChoiceOne Financial Systematic Risk
ChoiceOne Financial's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ChoiceOne Financial volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on ChoiceOne Financial correlated with the market. If Beta is less than 0 ChoiceOne Financial generally moves in the opposite direction as compared to the market. If ChoiceOne Financial Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ChoiceOne Financial is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ChoiceOne Financial is generally in the same direction as the market. If Beta > 1 ChoiceOne Financial moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in ChoiceOne Financial Stock are looking for potential investment opportunities by analyzing not only static indicators but also various ChoiceOne Financial's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of ChoiceOne Financial growth as a starting point in their analysis.
ChoiceOne Financial November 26, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of ChoiceOne Financial help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ChoiceOne Financial Services. We use our internally-developed statistical techniques to arrive at the intrinsic value of ChoiceOne Financial Services based on widely used predictive technical indicators. In general, we focus on analyzing ChoiceOne Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ChoiceOne Financial's daily price indicators and compare them against related drivers.
When running ChoiceOne Financial's price analysis, check to measure ChoiceOne Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ChoiceOne Financial is operating at the current time. Most of ChoiceOne Financial's value examination focuses on studying past and present price action to predict the probability of ChoiceOne Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChoiceOne Financial's price. Additionally, you may evaluate how the addition of ChoiceOne Financial to your portfolios can decrease your overall portfolio volatility.