Zacks: Brokerages Expect Level One Bancorp (LEVL) Will Post Earnings of $0.45 Per Share
Equities analysts expect Level One Bancorp (NASDAQ:LEVL) to report earnings of $0.45 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Level One Bancorp’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.48. The company is expected to issue its next earnings results on Monday, October 29th.
On average, analysts expect that Level One Bancorp will report full-year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.87 to $1.98. For the next year, analysts expect that the business will post earnings of $2.17 per share, with EPS estimates ranging from $2.12 to $2.21. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Level One Bancorp.
Level One Bancorp (NASDAQ:LEVL) last announced its quarterly earnings data on Monday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.05. The firm had revenue of $13.87 million for the quarter, compared to the consensus estimate of $14.35 million.
LEVL traded down $0.16 during trading hours on Monday, hitting $27.84. 8,600 shares of the stock were exchanged, compared to its average volume of 19,478. Level One Bancorp has a 12 month low of $25.50 and a 12 month high of $30.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 0.94.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Sunday, September 30th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.43%. The ex-dividend date is Thursday, September 27th.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rehmann Capital Advisory Group bought a new position in Level One Bancorp during the second quarter worth $272,000. Northern Trust Corp bought a new stake in Level One Bancorp in the second quarter valued at $356,000. Raymond James & Associates bought a new stake in Level One Bancorp in the second quarter valued at $304,000. EJF Capital LLC bought a new stake in Level One Bancorp in the second quarter valued at $2,718,000. Finally, BlackRock Inc. bought a new stake in Level One Bancorp in the second quarter valued at $1,973,000. Hedge funds and other institutional investors own 36.78% 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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