Level One Bancorp (NASDAQ:LEVL) Director Barbara E. Allushuski bought 1,750 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were bought at an average price of $23.59 per share, for a total transaction of $41,282.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NASDAQ LEVL traded up $0.27 during trading on Thursday, hitting $23.70. 147 shares of the company were exchanged, compared to its average volume of 8,885. The company has a market cap of $183.21 million, a price-to-earnings ratio of 12.27 and a beta of 0.88. Level One Bancorp has a 1 year low of $20.89 and a 1 year high of $28.53. The firm’s fifty day moving average price is $23.66 and its 200 day moving average price is $23.85. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.93 and a quick ratio of 0.93.
Level One Bancorp (NASDAQ:LEVL) last issued its earnings results on Tuesday, July 30th. The company reported $0.45 EPS for the quarter, missing the 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%. On average, research analysts forecast that Level One Bancorp will post 1.93 earnings per share for the current year.
Several equities research analysts have commented on the stock. ValuEngine lowered shares of Level One Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 23rd. Piper Jaffray Companies set a $25.00 target price on shares of Level One Bancorp and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Raymond James decreased their target price on shares of Level One Bancorp from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Sandler O’Neill assumed coverage on shares of Level One Bancorp in a research report on Friday, June 7th. They set a “hold” rating on the stock. Finally, Zacks Investment Research upgraded shares of Level One Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.50.
Large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in shares of Level One Bancorp by 476.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,125 shares of the company’s stock worth $26,000 after buying an additional 930 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Level One Bancorp by 115.1% during the 4th quarter. Bank of America Corp DE now owns 4,677 shares of the company’s stock worth $105,000 after buying an additional 2,503 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Level One Bancorp by 141.2% during the 4th quarter. Deutsche Bank AG now owns 6,827 shares of the company’s stock worth $151,000 after buying an additional 3,996 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Level One Bancorp during the 4th quarter worth $238,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Level One Bancorp by 10.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,014 shares of the company’s stock worth $276,000 after buying an additional 1,044 shares during the last quarter. 49.64% of the stock is owned by institutional investors and hedge funds.
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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