Wall Street analysts predict that Level One Bancorp (NASDAQ:LEVL) will announce earnings of $0.48 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Level One Bancorp’s earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.49. Level One Bancorp reported earnings of $0.53 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 9.4%. The business is expected to issue its next earnings report on Monday, July 29th.
According to Zacks, analysts expect that Level One Bancorp will report full year earnings of $1.99 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $2.07. For the next fiscal year, analysts anticipate that the business will report earnings of $2.23 per share, with EPS estimates ranging from $2.20 to $2.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Level One Bancorp.
Level One Bancorp (NASDAQ:LEVL) last released its earnings results on Tuesday, April 30th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $19.73 million during the quarter, compared to the consensus estimate of $14.90 million. Level One Bancorp had a net margin of 19.72% and a return on equity of 9.84%.
In other Level One Bancorp news, Director James L. Bellinson purchased 4,487 shares of the business’s stock in a transaction on Friday, June 14th. The shares were purchased at an average cost of $23.98 per share, for a total transaction of $107,598.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 37.90% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its holdings in shares of Level One Bancorp by 476.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,125 shares of the company’s stock worth $26,000 after purchasing an additional 930 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Level One Bancorp by 239.8% in the 4th quarter. Citigroup Inc. now owns 1,298 shares of the company’s stock worth $29,000 after purchasing an additional 916 shares in the last quarter. American International Group Inc. lifted its holdings in shares of Level One Bancorp by 267.7% in the 4th quarter. American International Group Inc. now owns 3,398 shares of the company’s stock worth $76,000 after purchasing an additional 2,474 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Level One Bancorp by 115.1% in the 4th quarter. Bank of America Corp DE now owns 4,677 shares of the company’s stock worth $105,000 after purchasing an additional 2,503 shares in the last quarter. Finally, Advisor Group Inc. bought a new position in shares of Level One Bancorp in the 4th quarter worth $110,000. Institutional investors own 44.56% of the company’s stock.
Shares of Level One Bancorp stock traded down $0.01 on Monday, reaching $23.55. 2,764 shares of the company’s stock were exchanged, compared to its average volume of 9,699. The firm has a market cap of $182.62 million, a P/E ratio of 12.33 and a beta of 0.88. Level One Bancorp has a 52 week low of $20.89 and a 52 week high of $28.53. The business has a 50-day moving average price of $23.94. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.10.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Sunday, June 30th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, June 27th. Level One Bancorp’s payout ratio is 8.38%.
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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