Shares of Level One Bancorp (NASDAQ:LEVL) have been assigned a consensus broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating. Level One Bancorp’s rating score has declined by 12.4% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages have set a twelve-month consensus price objective of $28.00 for the company and are predicting that the company will post $0.55 earnings per share for the current quarter, according to Zacks. Zacks has also given Level One Bancorp an industry rank of 68 out of 255 based on the ratings given to related companies.
Several equities research analysts recently commented on LEVL shares. ValuEngine lowered shares of Level One Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Zacks Investment Research raised shares of Level One Bancorp from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a report on Tuesday, February 4th.
Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Level One Bancorp by 0.9% during the 2nd quarter. BlackRock Inc. now owns 249,037 shares of the company’s stock worth $6,223,000 after purchasing an additional 2,145 shares during the last quarter. Arbor Trust Wealth Advisors LLC acquired a new stake in Level One Bancorp during the 4th quarter worth $1,293,000. First Trust Advisors LP acquired a new stake in Level One Bancorp during the 3rd quarter worth $245,000. Vanguard Group Inc. boosted its stake in Level One Bancorp by 5.9% during the 2nd quarter. Vanguard Group Inc. now owns 138,910 shares of the company’s stock worth $3,471,000 after purchasing an additional 7,793 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Level One Bancorp by 3.1% during the 2nd quarter. Northern Trust Corp now owns 49,608 shares of the company’s stock worth $1,239,000 after purchasing an additional 1,513 shares during the last quarter. 44.97% of the stock is currently owned by institutional investors.
Shares of NASDAQ:LEVL traded down $0.33 during trading on Friday, hitting $24.46. 2,987 shares of the stock traded hands, compared to its average volume of 4,565. The company has a market cap of $188.78 million, a price-to-earnings ratio of 11.93 and a beta of 0.86. The company has a fifty day moving average price of $25.08 and a two-hundred day moving average price of $24.47. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.09. Level One Bancorp has a 52-week low of $22.54 and a 52-week high of $26.69.
Level One Bancorp (NASDAQ:LEVL) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.43 by $0.17. The company had revenue of $17.50 million during the quarter, compared to analyst estimates of $15.60 million. Level One Bancorp had a net margin of 19.03% and a return on equity of 10.20%. On average, equities research analysts predict that Level One Bancorp will post 2.47 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.65%. The ex-dividend date was Monday, December 30th. Level One Bancorp’s payout ratio is presently 7.58%.
About Level One Bancorp
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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