ChoiceOne Financial Services, Inc. is a financial holding company of ChoiceOne Bank (the Bank). Co.'s subsidiary, ChoiceOne Bank is a full-service banking institution that offers a range of deposit, payment, credit, and other financial services to all types of customers. Its services include time, savings, demand deposits, safe deposit services and automated transaction machine services. The Bank offers both commercial and consumer loans to corporations, partnerships, and individuals. Its commercial lending covers categories, such as business, industry, agricultural, construction, inventory, and real estate. We show 23 historical shares outstanding datapoints in our COFS shares outstanding history coverage, used to compute COFS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing COFS market cap history over the course of time is important for investors
interested in comparing COFS's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of COFS versus a peer is one thing; comparing
COFS market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like COFS can fluctuate over the course of history.
With this page we aim to empower investors researching COFS by allowing them to research the COFS market cap history. |
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Video: The Importance of Market Cap
