Shares of Level One Bancorp (NASDAQ:LEVL) have received a consensus broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and two have issued a buy recommendation on the company.
Analysts have set a one year consensus target price of $30.33 for the company and are anticipating that the company will post $0.45 EPS for the current quarter, according to Zacks. Zacks has also assigned Level One Bancorp an industry rank of 161 out of 255 based on the ratings given to related companies.
LEVL has been the topic of several analyst reports. Zacks Investment Research lowered shares of Level One Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. ValuEngine cut shares of Level One Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, December 27th.
Level One Bancorp stock opened at $23.80 on Thursday. Level One Bancorp has a 52 week low of $20.89 and a 52 week high of $30.79. The stock has a market capitalization of $180.66 million and a PE ratio of 12.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.93 and a current ratio of 0.93.
Level One Bancorp (NASDAQ:LEVL) last released its quarterly earnings data on Wednesday, January 30th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.06. Level One Bancorp had a net margin of 20.30% and a return on equity of 10.81%. The business had revenue of $15.12 million during the quarter, compared to analysts’ expectations of $15.20 million. Analysts anticipate that Level One Bancorp will post 2.09 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, December 28th. Level One Bancorp’s dividend payout ratio (DPR) is presently 6.28%.
In other Level One Bancorp news, Director James L. Bellinson bought 8,114 shares of the company’s stock in a transaction on Tuesday, November 27th. The shares were bought at an average cost of $26.38 per share, for a total transaction of $214,047.32. The transaction was disclosed in a filing with the SEC, which is available through this link.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Rehmann Capital Advisory Group boosted its stake in Level One Bancorp by 2,680.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 278,000 shares of the company’s stock worth $10,000,000 after purchasing an additional 268,000 shares during the last quarter. BlackRock Inc. boosted its holdings in Level One Bancorp by 255.1% in the fourth quarter. BlackRock Inc. now owns 261,223 shares of the company’s stock valued at $5,859,000 after purchasing an additional 187,662 shares in the last quarter. Clarkston Capital Partners LLC lifted its stake in Level One Bancorp by 682.7% in the third quarter. Clarkston Capital Partners LLC now owns 117,401 shares of the company’s stock valued at $3,264,000 after buying an additional 102,401 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of Level One Bancorp during the third quarter worth approximately $1,738,000. Finally, Northern Trust Corp raised its position in Level One Bancorp by 267.5% in the fourth quarter. Northern Trust Corp now owns 47,372 shares of the company’s stock worth $1,063,000 after acquiring an additional 34,482 shares in the last quarter. 41.07% of the stock is currently owned by institutional investors and hedge funds.
Level One Bancorp Company Profile
Level One Bancorp, Inc operates as a bank holding company for Level One Bank that provides business and consumer financial services in Michigan. It offers a range of deposit services, including checking accounts, NOW accounts, savings, other time deposits, certificates of deposit, and specialty deposit accounts.
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