Wall Street analysts expect Level One Bancorp (NASDAQ:LEVL) to report $0.44 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Level One Bancorp’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.42. The business is scheduled to report its next quarterly earnings report on Tuesday, January 29th.

On average, analysts expect that Level One Bancorp will report full-year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.83 to $1.88. For the next financial year, analysts expect that the business will post earnings of $2.12 per share, with EPS estimates ranging from $2.09 to $2.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Level One Bancorp.

Level One Bancorp (NASDAQ:LEVL) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.06). The business had revenue of $14.99 million during the quarter, compared to the consensus estimate of $14.60 million.

Separately, Zacks Investment Research lowered Level One Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday.

NASDAQ:LEVL traded down $0.59 during mid-day trading on Monday, hitting $26.64. The company had a trading volume of 51,934 shares, compared to its average volume of 6,861. 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 1 year low of $25.50 and a 1 year high of $30.79.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Sunday, September 30th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Thursday, September 27th.

Several institutional investors have recently made changes to their positions in LEVL. Clarkston Capital Partners LLC acquired a new stake in shares of Level One Bancorp during the second quarter valued at about $408,000. Northpointe Capital LLC acquired a new stake in shares of Level One Bancorp during the second quarter valued at about $2,695,000. Telemus Capital LLC acquired a new stake in shares of Level One Bancorp during the second quarter valued at about $272,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Level One Bancorp during the second quarter valued at about $5,359,000. Finally, First Manhattan Co. acquired a new stake in shares of Level One Bancorp during the second quarter valued at about $1,698,000. Institutional investors own 39.02% 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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Earnings History and Estimates for Level One Bancorp (NASDAQ:LEVL)

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