Level One Bancorp (NASDAQ:LEVL) has been assigned 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 1-year consensus price target of $31.67 for the company and are predicting that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Level One Bancorp an industry rank of 86 out of 257 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded shares of Level One Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th.

Shares of LEVL traded up $0.33 during midday trading on Friday, hitting $26.45. The stock had a trading volume of 26,564 shares, compared to its average volume of 15,919. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.93. Level One Bancorp has a twelve month low of $25.19 and a twelve month high of $30.79.

Level One Bancorp (NASDAQ:LEVL) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.06). The company had revenue of $14.99 million for the quarter, compared to the consensus estimate of $14.60 million. Equities analysts anticipate that Level One Bancorp will post 1.86 EPS for the current year.

In other news, Director James L. Bellinson bought 8,114 shares of Level One Bancorp stock in a transaction dated Tuesday, November 27th. The shares were acquired at an average price of $26.38 per share, with a total value of $214,047.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

A number of hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC purchased a new position in Level One Bancorp in the 3rd quarter worth about $162,000. Vanguard Group Inc. increased its stake in Level One Bancorp by 85.6% in the 3rd quarter. Vanguard Group Inc. now owns 18,853 shares of the company’s stock worth $524,000 after buying an additional 8,695 shares during the period. Telemus Capital LLC purchased a new position in Level One Bancorp in the 2nd quarter worth about $272,000. Rehmann Capital Advisory Group purchased a new position in Level One Bancorp in the 2nd quarter worth about $272,000. Finally, Raymond James & Associates purchased a new position in Level One Bancorp in the 2nd quarter worth about $304,000. 46.09% 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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