Shares of Level One Bancorp (NASDAQ:LEVL) have been given a consensus broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and two have given a buy recommendation to the company.
Analysts have set a 12 month consensus price objective of $30.33 for the company and are predicting 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.
A number of equities research analysts have issued reports on the stock. ValuEngine lowered shares of Level One Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. Zacks Investment Research downgraded shares of Level One Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, February 8th.
In other Level One Bancorp news, Director James L. Bellinson bought 8,114 shares of the business’s stock in a transaction on Tuesday, November 27th. The shares were purchased at an average price of $26.38 per share, with a total value of $214,047.32. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. grew its holdings in shares of Level One Bancorp by 239.8% in the 4th quarter. Citigroup Inc. now owns 1,298 shares of the company’s stock valued at $29,000 after acquiring an additional 916 shares in the last quarter. Raymond James & Associates lifted its holdings in Level One Bancorp by 13.1% in the fourth quarter. Raymond James & Associates now owns 15,550 shares of the company’s stock valued at $349,000 after buying an additional 1,800 shares during the period. American International Group Inc. raised its holdings in shares of Level One Bancorp by 267.7% during the fourth quarter. American International Group Inc. now owns 3,398 shares of the company’s stock valued at $76,000 after purchasing an additional 2,474 shares during the period. Clarkston Capital Partners LLC raised its holdings in shares of Level One Bancorp by 3.5% in the 4th quarter. Clarkston Capital Partners LLC now owns 121,529 shares of the company’s stock worth $2,726,000 after acquiring an additional 4,128 shares during the last quarter. Finally, Advisor Group Inc. bought a new position in shares of Level One Bancorp during the 4th quarter valued at approximately $110,000. Institutional investors own 41.07% of the company’s stock.
Shares of NASDAQ LEVL opened at $23.80 on Thursday. Level One Bancorp has a fifty-two week low of $20.89 and a fifty-two week high of $30.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $180.66 million and a PE ratio of 12.46.
Level One Bancorp (NASDAQ:LEVL) last released its earnings results on Wednesday, January 30th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to analyst estimates of $15.20 million. As a group, sell-side analysts forecast that Level One Bancorp will post 2.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Friday, December 28th. Level One Bancorp’s payout ratio is 6.28%.
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.
Read More: What is Cost of Goods Sold (COGS)?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Level One Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Level One Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.