Is CHOICEONE FINANCIAL SERVICES INC (COFS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| DJIM | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| MSCI | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| S&P | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| FTSE | Excluded — Banks - Regional | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 45.0% | |
| Net Margin | 19.2% | |
| Return on Equity (ROE) | 7.8% | |
| Return on Assets (ROA) | 0.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $49M |
| Free Cash Flow | $47M |
| Total Debt | $211M |
| Total Assets | $2.7B |
Price & Trading
| Last Close | $27.65 |
| 50-Day MA | $28.72 |
| 200-Day MA | $29.34 |
| Avg Volume | 88K |
| Beta | 0.6 |
|
52-Week Range
$24.89
| |
About CHOICEONE FINANCIAL SERVICES INC (COFS)
ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides various banking services in the Michigan. The company offers time, savings, and demand deposits, safe deposits, and automated transaction machine services. It also provides commercial lending products, such as business, industry, agricultural, construction, inventory, commercial, consumer, and real estate loans; credit and other financial services; mortgage banking; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers insurance policies, such as life and health for commercial and consumer clients; and alternative investment products, which include annuities and mutual funds through a registered broker, as well as owns intellectual property for a fintech product. Further, it provides trust and wealth management services. It serves individual and business customers through its network of branches and ATMs. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.
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Frequently Asked Questions
Is CHOICEONE FINANCIAL SERVICES INC (COFS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), CHOICEONE FINANCIAL SERVICES INC is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is CHOICEONE FINANCIAL SERVICES INC's debt ratio?
CHOICEONE FINANCIAL SERVICES INC's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are CHOICEONE FINANCIAL SERVICES INC's key financial metrics?
CHOICEONE FINANCIAL SERVICES INC has a market capitalization of $408M, trailing P/E ratio of 13.5, and revenue of $92M. Return on equity stands at 7.8%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.