Level One Bancorp (LEVL) Receives Consensus Rating of “Hold” from Analysts

Level One Bancorp (NASDAQ:LEVL) has been given an average broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a buy rating to the company. Level One Bancorp’s rating score has declined by 7.3% in the last three months as a result of a number of analysts’ ratings changes.

Analysts have set a 12-month consensus target price of $27.50 for the company and are predicting that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also given Level One Bancorp an industry rank of 149 out of 256 based on the ratings given to its competitors.

A number of equities research analysts have recently issued reports on LEVL shares. ValuEngine cut Level One Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 9th. Zacks Investment Research cut Level One Bancorp from a “hold” rating to a “sell” rating in a report on Friday, February 8th.

NASDAQ LEVL traded up $0.30 during trading on Thursday, reaching $23.95. 3,600 shares of the company’s stock were exchanged, compared to its average volume of 9,600. The company has a market cap of $187.97 million, a PE ratio of 12.54 and a beta of 0.81. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.10. 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 announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Level One Bancorp had a return on equity of 9.84% and a net margin of 19.72%. The firm had revenue of $19.73 million for the quarter, compared to the consensus estimate of $14.90 million. As a group, research analysts anticipate that Level One Bancorp will post 1.99 EPS for the current fiscal year.

Several large investors have recently modified their holdings of LEVL. Acadian Asset Management LLC bought a new stake in shares of Level One Bancorp in the first quarter valued at approximately $25,000. BNP Paribas Arbitrage SA boosted its stake in shares of Level One Bancorp by 476.9% in the first quarter. BNP Paribas Arbitrage SA now owns 1,125 shares of the company’s stock valued at $26,000 after buying an additional 930 shares during the period. Citigroup Inc. boosted its stake in shares of Level One Bancorp by 239.8% in the fourth quarter. Citigroup Inc. now owns 1,298 shares of the company’s stock valued at $29,000 after buying an additional 916 shares during the period. American International Group Inc. boosted its stake in shares of Level One Bancorp by 267.7% in the fourth quarter. American International Group Inc. now owns 3,398 shares of the company’s stock valued at $76,000 after buying an additional 2,474 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Level One Bancorp by 115.1% in the fourth quarter. Bank of America Corp DE now owns 4,677 shares of the company’s stock valued at $105,000 after buying an additional 2,503 shares during the period. Institutional investors own 44.56% of the company’s stock.

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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