NASDAQ:LEVL

Level One Bancorp Stock Forecast, Price & News

$20.69

+1.62 (+8.50 %)

(As of 12/1/2020 12:00 AM ET)

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Today's Range

$20.41

Now: $20.69▼

$20.97

50-Day Range

$15.75

MA: $17.99▼

$22.29

52-Week Range

$13.44

Now: $20.69▼

$25.78

Volume9,735 shs

Average Volume8,959 shs

Market Capitalization$160.02 million

P/E Ratio9.62

Dividend Yield1.05%

Beta0.77

Level One Bancorp, Inc. operates as a bank holding company for Level One Bank that provides business and consumer financial services in Michigan. Its deposit products include checking accounts, NOW accounts, savings and other time deposits, certificates of deposit, and specialty deposit accounts. The company also provides lending products and related services comprising commercial real estate loans, including construction and land development loans; commercial and industrial loans consisting of lines of credit, term loans, and loans under the small business administration lending program; residential real estate loans; and consumer loans, including home equity loans automobile loans, and credit card services. In addition, it offers cash management services, treasury management services, and mobile banking services. The company serves individuals, owner-managed businesses, professional firms, real estate professionals, and not-for-profit businesses. It operates through 14 Level One Bank offices and 3 Ann Arbor State Bank banking centers. The company was founded in 2007 and is headquartered in Farmington Hills, Michigan.

Beat the Market (BTM) Rank^™

1.3 Analyst's Opinion

Consensus Rating
Level One Bancorp has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.00, Level One Bancorp has a forecasted downside of 3.3% from its current price of $20.69.
Amount of Analyst Coverage
Level One Bancorp has only been the subject of 1 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Level One Bancorp has received 103 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Level One Bancorp has received 139 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Level One Bancorp has received 57.44% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Level One Bancorp and other stocks. Vote “Outperform” if you believe LEVL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LEVL will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Level One Bancorp has a dividend yield of 1.05%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Level One Bancorp has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Level One Bancorp is 9.48%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Level One Bancorp will have a dividend payout ratio of 12.35% next year. This indicates that Level One Bancorp will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Level One Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $44,679.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
38.20% of the stock of Level One Bancorp is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 32.25% of the stock of Level One Bancorp is held by institutions.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Level One Bancorp are expected to decrease by -24.65% in the coming year, from $2.15 to $1.62 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Level One Bancorp is 9.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of Level One Bancorp is 9.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 21.29.
Price to Book Value per Share Ratio
Level One Bancorp has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.71 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:LEVL

Previous Symbol

CUSIPN/A

CIK1412707

Webwww.levelonebank.com

Phone248-737-0300

Employees253

Debt

Debt-to-Equity Ratio0.24

Current Ratio0.93

Quick Ratio0.93

Price-To-Earnings

Trailing P/E Ratio9.62

Forward P/E Ratio9.62

P/E GrowthN/A

Sales & Book Value

Annual Sales$84.66 million

Price / Sales1.89

Cash Flow$2.39 per share

Price / Cash Flow8.66

Book Value$24.06 per share

Price / Book0.86

Profitability

EPS (Most Recent Fiscal Year)$2.11

Net Income$16.11 million

Net Margins16.07%

Return on Equity10.23%

Return on Assets0.86%

Miscellaneous

Outstanding Shares7,734,000

Market Cap$160.02 million

Next Earnings Date2/4/2021 (Estimated)

OptionableNot Optionable

$20.69

+1.62 (+8.50 %)

(As of 12/1/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Level One Bancorp (NASDAQ:LEVL) Frequently Asked Questions

How has Level One Bancorp's stock price been impacted by Coronavirus?

Level One Bancorp's stock was trading at $20.13 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LEVL stock has increased by 2.8% and is now trading at $20.69.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Level One Bancorp?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Level One Bancorp in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Level One Bancorp or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Level One Bancorp?

Wall Street analysts have given Level One Bancorp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Level One Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Level One Bancorp's next earnings date?

Level One Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Level One Bancorp.

How were Level One Bancorp's earnings last quarter?

Level One Bancorp, Inc. (NASDAQ:LEVL) posted its earnings results on Wednesday, November, 4th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.57 by $0.05. Level One Bancorp had a net margin of 16.07% and a return on equity of 10.23%.
View Level One Bancorp's earnings history.

How often does Level One Bancorp pay dividends? What is the dividend yield for Level One Bancorp?

Level One Bancorp declared a quarterly dividend on Thursday, September 17th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.05 per share on Thursday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Tuesday, September 29th.
View Level One Bancorp's dividend history.

What price target have analysts set for LEVL?

2 equities research analysts have issued 1-year price objectives for Level One Bancorp's shares. Their forecasts range from $19.00 to $21.00. On average, they anticipate Level One Bancorp's stock price to reach $20.00 in the next twelve months. This suggests that the stock has a possible downside of 3.3%.
View analysts' price targets for Level One Bancorp.

Are investors shorting Level One Bancorp?

Level One Bancorp saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 31,800 shares, an increase of 19.5% from the September 30th total of 26,600 shares. Based on an average daily trading volume, of 5,600 shares, the short-interest ratio is presently 5.7 days. Currently, 0.6% of the company's shares are short sold.
View Level One Bancorp's Short Interest.

Who are some of Level One Bancorp's key competitors?

Some companies that are related to Level One Bancorp include Horizon Bancorp (HBNC), Lakeland Bancorp (LBAI), Origin Bancorp (OBNK), Community Trust Bancorp (CTBI), Bryn Mawr Bank (BMTC), TrustCo Bank Corp NY (TRST), Byline Bancorp (BY), Boston Private Financial (BPFH), First National Bank Alaska (FBAK), HarborOne Bancorp (HONE), Preferred Bank (PFBC), QCR (QCRH), Univest Financial (UVSP), Customers Bancorp (CUBI) and First Financial (THFF).
View all competitors.

What other stocks do shareholders of Level One Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Level One Bancorp investors own include Altria Group (MO), Old National Bancorp (ONB), Adobe (ADBE), AMC Entertainment (AMC), Franklin Resources (BEN), Colgate-Palmolive (CL), Digimarc (DMRC), Duke Energy (DUK), Eastman Chemical (EMN) and Emerson Electric (EMR).

Who are Level One Bancorp's key executives?

Level One Bancorp's management team includes the following people:

Mr. Patrick J. Fehring Jr., Chairman, Pres & CEO (Age 62, Pay $563.72k)
Mr. David C. Walker, Exec. VP & CFO (Age 59, Pay $323.26k)
Mr. Gregory A. Wernette, Exec. VP, Chief Lending Officer & Corp. Sec. (Age 57, Pay $383.15k)
Mr. Peter Glidden Root, Investor Relations Contact
Ms. Melanie C. Barrett, Exec. VP & Chief HR Officer (Age 61)
Barbara A. Felts, Controller
Mr. Timothy R. Mackay, Assistant Corp. Sec. (Age 50)
Ms. Eva D. Scurlock, Assistant Corp. Sec. (Age 42)

When did Level One Bancorp IPO?

(LEVL) raised $28 million in an initial public offering (IPO) on Friday, April 20th 2018. The company issued 1,000,000 shares at $27.00-$29.00 per share. Raymond James and Keefe, Bruyette & Woods (A Stifel Company) acted as the underwriters for the IPO and Piper Jaffray was co-manager.

What is Level One Bancorp's stock symbol?

Level One Bancorp trades on the NASDAQ under the ticker symbol "LEVL."

Who are Level One Bancorp's major shareholders?

Level One Bancorp's stock is owned by many different institutional and retail investors. Top institutional investors include The Manufacturers Life Insurance Company (4.90%), BlackRock Inc. (3.74%), State Street Corp (1.05%), Zhang Financial LLC (0.24%) and Morgan Stanley (0.14%). Company insiders that own Level One Bancorp stock include Barbara E Allushuski, David Carl Walker, Gregory A Wernette, Jacob W Haas, James L Bellinson and Stefan Wanczyk.
View institutional ownership trends for Level One Bancorp.

Which major investors are selling Level One Bancorp stock?

LEVL stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, and The Manufacturers Life Insurance Company.
View insider buying and selling activity for Level One Bancorp.

Which major investors are buying Level One Bancorp stock?

LEVL stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Zhang Financial LLC, and Morgan Stanley. Company insiders that have bought Level One Bancorp stock in the last two years include Barbara E Allushuski, David Carl Walker, Jacob W Haas, James L Bellinson, and Stefan Wanczyk.
View insider buying and selling activity for Level One Bancorp.

How do I buy shares of Level One Bancorp?

Shares of LEVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Level One Bancorp's stock price today?

One share of LEVL stock can currently be purchased for approximately $20.69.

How big of a company is Level One Bancorp?

Level One Bancorp has a market capitalization of $160.02 million and generates $84.66 million in revenue each year. The company earns $16.11 million in net income (profit) each year or $2.11 on an earnings per share basis. Level One Bancorp employs 253 workers across the globe.

What is Level One Bancorp's official website?

The official website for Level One Bancorp is www.levelonebank.com.

How can I contact Level One Bancorp?

Level One Bancorp's mailing address is 32991 HAMILTON COURT, Farmington Hills MI, 48334. The company can be reached via phone at 248-737-0300.

This page was last updated on 12/1/2020 by MarketBeat.com Staff

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