Level One Bancorp (NASDAQ:LEVL) Director James L. Bellinson acquired 5,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average cost of $23.56 per share, with a total value of $117,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
NASDAQ:LEVL opened at $23.43 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $183.21 million, a P/E ratio of 13.17 and a beta of 0.88. The company has a 50 day moving average price of $23.66 and a 200 day moving average price of $23.85. Level One Bancorp has a fifty-two week low of $20.89 and a fifty-two week high of $28.53.
Level One Bancorp (NASDAQ:LEVL) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The company had revenue of $15.92 million for the quarter, compared to analysts’ expectations of $15.55 million. Level One Bancorp had a return on equity of 9.24% and a net margin of 18.06%. Research analysts forecast that Level One Bancorp will post 1.93 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Integrated Investment Consultants LLC purchased a new position in Level One Bancorp in the 2nd quarter valued at approximately $348,000. BlackRock Inc. boosted its position in Level One Bancorp by 255.1% in the 4th quarter. BlackRock Inc. now owns 261,223 shares of the company’s stock valued at $5,859,000 after buying an additional 187,662 shares during the period. Vanguard Group Inc. boosted its position in Level One Bancorp by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 138,910 shares of the company’s stock valued at $3,471,000 after buying an additional 7,793 shares during the period. Clarkston Capital Partners LLC boosted its position in Level One Bancorp by 3.8% in the 2nd quarter. Clarkston Capital Partners LLC now owns 123,016 shares of the company’s stock valued at $3,074,000 after buying an additional 4,487 shares during the period. Finally, Northern Trust Corp boosted its position in Level One Bancorp by 3.1% in the 2nd quarter. Northern Trust Corp now owns 49,608 shares of the company’s stock valued at $1,239,000 after buying an additional 1,513 shares during the period. 49.64% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on LEVL. Sandler O’Neill began coverage on shares of Level One Bancorp in a research report on Friday, June 7th. They set a “hold” rating for the company. Zacks Investment Research raised shares of Level One Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 17th. Piper Jaffray Companies set a $25.00 price objective on shares of Level One Bancorp and gave the stock a “hold” rating in a research report on Wednesday, July 31st. ValuEngine cut shares of Level One Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 23rd. Finally, Raymond James lowered their price objective on shares of Level One Bancorp from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Level One Bancorp currently has an average rating of “Hold” and a consensus price target of $26.50.
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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