ChoiceOne Financial Services Inc (NASDAQ: COFS) director Gregory A. McConnell executed two open-market purchases of the company’s common stock on February 13, 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The disclosure shows McConnell bought 550 shares at $29.10 per share and an additional 1,000 shares at $29.00 per share, for a combined outlay of $45,005. After these purchases, McConnell directly holds 35,950 shares of ChoiceOne Financial Services Inc. The Form 4 was signed on his behalf by Christian D. Rhoades under a Power of Attorney.
At the time of the transactions the company’s stock was trading at $28.86 and the bank carried a market capitalization of $429 million. Reported valuation metrics in the filing include a price-to-earnings ratio of 14.23 and a dividend yield of 4.03%. The bank has an uninterrupted record of dividend payments spanning 32 years and has increased its dividend for five consecutive years.
Market commentary included in filings and research summaries notes a range of analyst price targets for COFS shares from $31 to $36. Among research firms, DA Davidson has kept a Buy rating and assigned a $36.00 price target; the firm highlighted robust loan growth and forecasted improvements in the net interest margin as reasons for its favorable stance.
ChoiceOne’s recent quarterly results were also cited in analyst discussions - the bank reported fourth-quarter earnings that exceeded analyst expectations on the bottom line, while revenue for the quarter fell slightly short of estimates. Those mixed results and the analyst commentary have contributed to ongoing investor interest in the company’s financial trajectory.
Separately, an InvestingPro analysis referenced in disclosure materials indicates the stock appears undervalued, and subscribers to that service can access further detail on the bank’s financial condition and valuation metrics. The filings and analyst notes together provide context for McConnell’s purchases and the current market view on ChoiceOne’s prospects.
Key points
- Director Gregory A. McConnell bought a total of 1,550 shares on Feb. 13, 2026, increasing his stake to 35,950 shares.
- ChoiceOne trades at $28.86 with a $429 million market cap, a P/E of 14.23 and a 4.03% dividend yield; dividends have been paid for 32 years and raised for 5 years.
- Analyst targets run from $31 to $36 and DA Davidson retains a Buy rating, citing strong loan growth and anticipated net interest margin improvement.
Risks and uncertainties
- Revenue for the most recent quarter fell slightly short of estimates, a factor that could weigh on near-term performance in the regional banking sector.
- DA Davidson’s positive outlook depends in part on expected net interest margin improvement; if margin trends do not materialize as anticipated, stated upside could be constrained.
- Valuation and price target ranges vary among analysts, reflecting uncertainty around near-term earnings and funding or credit dynamics in the financials sector.