ChoiceOne Financial Services (ChoiceOne Financial Services) Book Value per Share : $25.92 (As of Dec. 2023)

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What is ChoiceOne Financial Services Book Value per Share?

ChoiceOne Financial Services's book value per share for the quarter that ended in Dec. 2023 was $25.92.

During the past 12 months, ChoiceOne Financial Services's average Book Value Per Share Growth Rate was 15.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -3.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 0.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 4.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of ChoiceOne Financial Services was 31.80% per year. The lowest was -5.40% per year. And the median was 4.90% per year.

ChoiceOne Financial Services's current price is $24.86. Its book value per share for the quarter that ended in Dec. 2023 was $25.92. Hence, today's PB Ratio of ChoiceOne Financial Services is 0.96.

During the past 13 years, the highest P/B Ratio of ChoiceOne Financial Services was 1.39. The lowest was 0.68. And the median was 1.05.

ChoiceOne Financial Services Book Value per Share Historical Data

The historical data trend for ChoiceOne Financial Services's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ChoiceOne Financial Services Book Value per Share Chart

ChoiceOne Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Book Value per Share

Get a 7-Day Free Trial

26.52

29.15

29.52

22.47

25.92

ChoiceOne Financial Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Book Value per Share	Get a 7-Day Free Trial															22.43	23.79	24.02	25.92	27.36

Competitive Comparison of ChoiceOne Financial Services's Book Value per Share

For the Banks - Regional subindustry, ChoiceOne Financial Services's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ChoiceOne Financial Services's PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ChoiceOne Financial Services's PB Ratio distribution charts can be found below:

* The bar in red indicates where ChoiceOne Financial Services's PB Ratio falls into.

ChoiceOne Financial Services Book Value per Share Calculation

ChoiceOne Financial Services's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(195.63	-	0.00)	/	7.55
	=	25.92

ChoiceOne Financial Services's Book Value Per Share for the quarter that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(195.63	-	0.00)	/	7.55
	=	25.92

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

ChoiceOne Financial Services (NAS:COFS) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

ChoiceOne Financial Services Book Value per Share Related Terms

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ChoiceOne Financial Services (ChoiceOne Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ChoiceOne Financial Services Inc (NAS:COFS) » Definitions » Book Value per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 East Division Street, Sparta, MI, USA, 49345

Website

https://www.choiceone.com

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 notes and bonds 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. Its primary market area is Kent, Muskegon, Newaygo, and Ottawa counties in western Michigan, and Lapeer, Macomb, and St. Clair counties in southeastern Michigan in the communities where the Bank's respective offices are located.

Executives

Greg L. Armock	director	109 EAST DIVISION STREET, SPARTA MI 49345
Curt E Coulter	director	109 EAST DIVISION STREET, SPARTA MI 49345
Burke Michael J Jr	director, officer: President	109 EAST DIVISION STREET, SPARTA MI 49345
Essex Bruce John Jr	director	109 EAST DIVISION STREET, SPARTA MI 49345
Gregory A Mcconnell	director	109 EAST DIVISION STREET, SPARTA MI 49345
Adom Greenland	officer: S.V.P. - ChoiceOne Bank (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Bradley F. Mcginnis	director	109 EAST DIVISION STREET, SPARTA MI 49345
Jack Hendon	director	109 EAST DIVISION STREET, SPARTA MI 49345
Eric E Burrough	director	109 EAST DIVISION STREET, SPARTA MI 49345
Michelle M Wendling	director	109 EAST DIVISION STREET, SPARTA MI 49345
David J Churchill	director	109 EAST DIVISION STREET, SPARTA MI 49345
Kelly Potes	officer: V.P. - ChoiceOne Insur. (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Lee A Braford	officer: VP-ChoiceOne Bank (Subsidiary)	109 EAST DIVISION STREET, SPARTA MI 49345
Peter Batistoni	officer: S.V.P. - ChoiceOne Bank (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Robert M Jamula	officer: S.V.P. - ChoiceOne Bank (Sub)	109 EAST DIVISION STREET, SPARTA MI 49345