Level One Bancorp (LEVL) Stock Price, News & Analysis

Level One Bancorp, Inc. (NASDAQ:LEVL) released its quarterly earnings results on Thursday, October, 28th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. The business earned $26.56 million during the quarter, compared to analyst estimates of $24.85 million. Level One Bancorp had a trailing twelve-month return on equity of 15.51% and a net margin of 29.28%.

Level One Bancorp (NASDAQ:LEVL) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.70%. The dividend payout ratio is 7.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LEVL will have a dividend payout ratio of 8.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LEVL.

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).

Level One Bancorp (LEVL) raised $28 million in an initial public offering 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) served as the underwriters for the IPO and Piper Jaffray was co-manager.