Level One Bancorp (NASDAQ:LEVL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
According to Zacks, “Level One Bancorp, Inc. provides banking services. Its product portfolio include lines of credit, term loans, leases, commercial mortgages, SBA loans, export-import financing, treasury management, private banking, personal savings, checking accounts and consumer loan. Level One Bancorp is based in Michigan. “
NASDAQ:LEVL traded down $0.21 on Tuesday, reaching $27.00. 1,943 shares of the company’s stock traded hands, compared to its average volume of 6,048. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.94 and a quick ratio of 0.94. Level One Bancorp has a 12 month low of $25.50 and a 12 month high of $30.79.
A number of large investors have recently bought and sold shares of the business. Northpointe Capital LLC raised its holdings in Level One Bancorp by 28.2% during the third quarter. Northpointe Capital LLC now owns 127,127 shares of the company’s stock valued at $3,534,000 after acquiring an additional 27,971 shares during the period. Clarkston Capital Partners LLC raised its holdings in Level One Bancorp by 682.7% during the third quarter. Clarkston Capital Partners LLC now owns 117,401 shares of the company’s stock valued at $3,264,000 after acquiring an additional 102,401 shares during the period. Eidelman Virant Capital bought a new stake in Level One Bancorp during the third quarter valued at about $917,000. Rehmann Capital Advisory Group bought a new stake in Level One Bancorp during the second quarter valued at about $272,000. Finally, Northern Trust Corp bought a new stake in Level One Bancorp during the second quarter valued at about $356,000. 39.02% of the stock is currently 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.
See Also: Return on Investment (ROI)
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