Brokerages Anticipate Level One Bancorp (LEVL) to Post $0.45 Earnings Per Share
Shares of Level One Bancorp (NASDAQ:LEVL) have received a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have assigned a buy rating to the company.
Brokerages have set a one year consensus price target of $32.00 for the company and are expecting that the company will post $0.45 earnings per share for the current quarter, according to Zacks. Zacks has also given Level One Bancorp an industry rank of 165 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Level One Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th.
Level One Bancorp (NASDAQ:LEVL) last announced its quarterly earnings results on Monday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The firm had revenue of $13.87 million during the quarter, compared to the consensus estimate of $14.35 million. analysts forecast that Level One Bancorp will post 1.93 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in LEVL. Clarkston Capital Partners LLC bought a new stake in shares of Level One Bancorp during the 2nd quarter valued at about $408,000. Northpointe Capital LLC bought a new stake in shares of Level One Bancorp during the 2nd quarter valued at about $2,695,000. Telemus Capital LLC bought a new stake in shares of Level One Bancorp during the 2nd quarter valued at about $272,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Level One Bancorp during the 2nd quarter valued at about $5,359,000. Finally, First Manhattan Co. bought a new stake in shares of Level One Bancorp during the 2nd quarter valued at about $1,698,000. 36.78% of the stock is currently owned by hedge funds and other institutional investors.
About Level One Bancorp
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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