Level One Bancorp (NASDAQ:LEVL) Director Stefan Wanczyk bought 1,695 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were bought at an average price of $23.00 per share, with a total value of $38,985.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of NASDAQ:LEVL opened at $23.43 on Thursday. The firm has a 50 day moving average of $23.66 and a 200-day moving average of $23.85. The stock has a market capitalization of $183.21 million, a PE ratio of 12.27 and a beta of 0.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.09. Level One Bancorp has a 12 month low of $20.89 and a 12 month high of $28.53.

Level One Bancorp (NASDAQ:LEVL) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.04). The company had revenue of $15.92 million for the quarter, compared to the consensus estimate of $15.55 million. Level One Bancorp had a net margin of 18.06% and a return on equity of 9.24%. On average, research analysts predict that Level One Bancorp will post 1.93 EPS for the current fiscal year.

Several brokerages have recently commented on LEVL. Zacks Investment Research upgraded shares of Level One Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 17th. ValuEngine cut shares of Level One Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 23rd. Piper Jaffray Companies set a $25.00 target price on shares of Level One Bancorp and gave the company a “hold” rating in a research report on Wednesday, July 31st. Raymond James dropped their target price on shares of Level One Bancorp from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Finally, Sandler O’Neill began coverage on shares of Level One Bancorp in a research report on Friday, June 7th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $26.50.

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its position 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Level One Bancorp by 10.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,014 shares of the company’s stock worth $276,000 after purchasing an additional 1,044 shares during the last quarter. Northern Trust Corp raised its position in shares of Level One Bancorp by 3.1% in the 2nd quarter. Northern Trust Corp now owns 49,608 shares of the company’s stock worth $1,239,000 after purchasing an additional 1,513 shares during the last quarter. BlackRock Inc. raised its position in shares of Level One Bancorp by 0.9% in the 2nd quarter. BlackRock Inc. now owns 249,037 shares of the company’s stock worth $6,223,000 after purchasing an additional 2,145 shares during the last quarter. Finally, Bank of America Corp DE raised its position 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 during the last quarter. 49.64% of the stock is currently owned by 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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Insider Buying and Selling by Quarter for Level One Bancorp (NASDAQ:LEVL)

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