Level One Bancorp (LEVL) Director Acquires $47,720.00 in Stock

Level One Bancorp (NASDAQ:LEVL) Director James L. Bellinson bought 2,000 shares of Level One Bancorp stock in a transaction on Thursday, February 14th. The shares were acquired at an average price of $23.86 per share, for a total transaction of $47,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Level One Bancorp stock traded up $0.16 during mid-day trading on Friday, reaching $24.01. 5,839 shares of the company’s stock were exchanged, compared to its average volume of 11,438. The firm has a market cap of $184.46 million and a PE ratio of 12.57. Level One Bancorp has a twelve month low of $20.89 and a twelve month high of $30.79. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

Level One Bancorp (NASDAQ:LEVL) last announced 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 company had revenue of $15.12 million for the quarter, compared to the consensus estimate of $15.20 million. On average, equities research analysts anticipate that Level One Bancorp will post 2.09 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the business. Citigroup Inc. increased its position 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 purchasing an additional 916 shares during the last quarter. Raymond James & Associates increased its position in shares of Level One Bancorp by 13.1% in the 4th quarter. Raymond James & Associates now owns 15,550 shares of the company’s stock valued at $349,000 after purchasing an additional 1,800 shares during the last quarter. American International Group Inc. increased its position in shares of Level One Bancorp by 267.7% in the 4th 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 last quarter. Bank of America Corp DE increased its position in shares of Level One Bancorp by 115.1% in the 4th quarter. Bank of America Corp DE now owns 4,677 shares of the company’s stock valued at $105,000 after purchasing an additional 2,503 shares during the last quarter. Finally, Clarkston Capital Partners LLC increased its position 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 valued at $2,726,000 after purchasing an additional 4,128 shares during the last quarter. 41.07% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on LEVL. Zacks Investment Research lowered shares of Level One Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. ValuEngine lowered shares of Level One Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $32.00.

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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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