Level One Bancorp (NASDAQ:LEVL) Director Jacob W. Haas Purchases 3,000 Shares of Stock

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Level One Bancorp (NASDAQ:LEVL) Director Jacob W. Haas purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average cost of $25.40 per share, with a total value of $76,200.00.

Shares of Level One Bancorp stock opened at $25.03 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $191.17 million, a P/E ratio of 12.21 and a beta of 0.86. The firm has a 50 day simple moving average of $25.02 and a 200 day simple moving average of $24.51. Level One Bancorp has a fifty-two week low of $22.54 and a fifty-two 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.17. The business 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, sell-side analysts expect that Level One Bancorp will post 2.47 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. Banc Funds Co. LLC boosted its stake in Level One Bancorp by 2.6% in the fourth quarter. Banc Funds Co. LLC now owns 639,406 shares of the company’s stock valued at $16,087,000 after acquiring an additional 16,477 shares during the last quarter. BlackRock Inc. boosted its stake in Level One Bancorp by 0.9% in the second quarter. BlackRock Inc. now owns 249,037 shares of the company’s stock valued at $6,223,000 after acquiring an additional 2,145 shares during the last quarter. Vanguard Group Inc. boosted its stake in Level One Bancorp by 5.9% in the second quarter. Vanguard Group Inc. now owns 138,910 shares of the company’s stock valued at $3,471,000 after acquiring an additional 7,793 shares during the last quarter. Geode Capital Management LLC boosted its stake in Level One Bancorp by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 60,603 shares of the company’s stock valued at $1,524,000 after acquiring an additional 2,006 shares during the last quarter. Finally, Arbor Trust Wealth Advisors LLC bought a new position in Level One Bancorp in the fourth quarter valued at approximately $1,293,000. 44.50% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on LEVL. 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Level One Bancorp currently has an average rating of “Hold” and a consensus target price of $27.33.

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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Insider Buying and Selling by Quarter for Level One Bancorp (NASDAQ:LEVL)

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