Eidelman Virant Capital bought a new stake in shares of Level One Bancorp (NASDAQ:LEVL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 33,000 shares of the company’s stock, valued at approximately $917,000. Eidelman Virant Capital owned about 0.43% of Level One Bancorp at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Rehmann Capital Advisory Group purchased a new stake in Level One Bancorp during the 2nd quarter valued at $272,000. Telemus Capital LLC purchased a new stake in Level One Bancorp during the 2nd quarter valued at $272,000. Raymond James & Associates purchased a new position in shares of Level One Bancorp in the 2nd quarter worth $304,000. Northern Trust Corp purchased a new position in shares of Level One Bancorp in the 2nd quarter worth $356,000. Finally, Clarkston Capital Partners LLC purchased a new position in shares of Level One Bancorp in the 2nd quarter worth $408,000. Institutional investors and hedge funds own 36.91% of the company’s stock.
Separately, Zacks Investment Research downgraded Level One Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th.
Shares of LEVL stock traded down $0.08 on Wednesday, reaching $27.41. The stock had a trading volume of 250 shares, compared to its average volume of 19,491. Level One Bancorp has a 1 year low of $25.50 and a 1 year high of $30.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 0.94.
Level One Bancorp (NASDAQ:LEVL) last released its quarterly earnings results on Monday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.05. The firm had revenue of $13.87 million during the quarter, compared to analysts’ expectations of $14.35 million. On average, sell-side analysts expect that Level One Bancorp will post 1.93 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Sunday, September 30th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.44%.
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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