Level One Bancorp (NASDAQ:LEVL) Director Barbara E. Allushuski Acquires 1,750 Shares
Level One Bancorp (NASDAQ:LEVL) Director Barbara E. Allushuski bought 1,750 shares of Level One Bancorp stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average cost of $23.59 per share, for a total transaction of $41,282.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Level One Bancorp stock traded up $0.24 during trading hours on Wednesday, hitting $23.74. 8,024 shares of the stock traded hands, compared to its average volume of 8,084. 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’s 50 day moving average price is $23.68 and its 200-day moving average price is $23.85. The stock has a market capitalization of $184.37 million, a price-to-earnings ratio of 12.43 and a beta of 0.88. Level One Bancorp has a 1 year low of $20.89 and a 1 year high of $28.53.
Level One Bancorp (NASDAQ:LEVL) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04). The firm had revenue of $15.92 million for the quarter, compared to analysts’ expectations of $15.55 million. Level One Bancorp had a net margin of 18.06% and a return on equity of 9.24%. Research analysts forecast that Level One Bancorp will post 1.93 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its stake in Level One Bancorp by 476.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,125 shares of the company’s stock valued at $26,000 after purchasing an additional 930 shares during the last quarter. Bank of America Corp DE grew its stake in Level One Bancorp by 115.1% during the 4th quarter. Bank of America Corp DE now owns 4,677 shares of the company’s stock valued at $105,000 after purchasing an additional 2,503 shares during the last quarter. Deutsche Bank AG grew its stake in Level One Bancorp by 141.2% during the 4th quarter. Deutsche Bank AG now owns 6,827 shares of the company’s stock valued at $151,000 after purchasing an additional 3,996 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Level One Bancorp during the 4th quarter valued at about $238,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Level One Bancorp by 10.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,014 shares of the company’s stock valued at $276,000 after purchasing an additional 1,044 shares during the last quarter. Institutional investors and hedge funds own 49.64% of the company’s stock.
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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