How were Level One Bancorp's earnings last quarter?

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

Is Level One Bancorp a good dividend stock?

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 .

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) .

When did Level One Bancorp IPO?

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.

NASDAQ:LEVL

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

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Today's Range: $39.80
▼
$40.42
50-Day Range: $39.89
▼
$41.93
52-Week Range: $24.05
▼
$42.63

Volume: 115,657 shs
Average Volume: 38,358 shs
Market Capitalization: $310.97 million

P/E Ratio: 10.11
Dividend Yield: 0.70%
Price Target: N/A

Stock Analysis

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About Level One Bancorp Stock (NASDAQ:LEVL)

Level One Bancorp, Inc. operates as a bank holding company. The firm engages in the provision of commercial and consumer banking services. It offers commercial real estate loans, commercial and industrial loans, residential real estate loans and consumer loans. The company was founded by Patrick J. Fehring in 2006 and is headquartered in Farmington Hills, MI.

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LEVL Stock News Headlines

April 18, 2024 | msn.com

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April 18, 2024 | msn.com

Average long-term US mortgage rate climbs above 7%. It’s at the highest level since late Nov.

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Strategic Partnership Between Level 3 Audiovisual and Town of Gilbert, AZ, Delivers Comprehensive Upgrades Across Local Government

April 18, 2024 | msn.com

US weekly jobless claims remain at low level

April 18, 2024 | msn.com

Mortgage rates hit highest level since November 2023

April 17, 2024 | msn.com

Dollar eases, near 5-1/2 month high, on hawkish Fed outlook

April 17, 2024 | investopedia.com

Mortgage Rates Keep Rising, Hitting Highest Level Since November

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USD/CAD falls sharply to 1.3800 despite multiple tailwinds

April 17, 2024 | msn.com

UK inflation falls to lowest level since late 2021 as food prices ease further

April 17, 2024 | theguardian.com

UK inflation falls to 3.2%, the lowest level since 2021

April 16, 2024 | msn.com

Junior analysts, beware: Your coveted and cushy entry-level Wall Street jobs may soon be eliminated by AI

April 16, 2024 | msn.com

Saudi Inflation Slows to Lowest Level Since 2021

April 16, 2024 | msn.com

UBS increasing capital by $25 bln is right level, say Swiss authorities

April 16, 2024 | fxstreet.com

GBP/USD slides to its lowest level since November, eyes 1.2400 ahead of UK jobs data

April 15, 2024 | msn.com

Fed's reverse repo facility plummets to lowest level in nearly three years

April 15, 2024 | msn.com

IMF 2nd Review: Govt Reaches Staff-Level Agreement

April 15, 2024 | tmcnet.com

Grant Thornton survey: CFO optimism climbs to highest level in nearly three years

April 15, 2024 | msn.com

Home Prices in One State Skyrocket

April 15, 2024 | bloomberg.com

Indonesian Rupiah Set for Weak Reopen in Test for Central Bank

April 14, 2024 | msn.com

Big movers on D-Street: What should investors do with HDFC Bank, Zomato and CAMS?

April 14, 2024 | msn.com

Batman's Hatred of 1 Justice League Base Shows Why He Needs to Be a Street-Level Hero

April 14, 2024 | msn.com

Americans are saving less these days. Here’s why and what that means

April 13, 2024 | msn.com

Mortgage rates creep up to highest level in weeks as home-buying season begins

April 13, 2024 | msn.com

It's not just Jamie Dimon and Wall Street. Local bank branches have big AI ambitions

April 12, 2024 | msn.com

Credit card delinquency rates hit worst level since 2012 in new Fed data

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Company Calendar

Last Earnings: 10/28/2021
Today: 4/19/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State Commercial Banks
Sub-Industry: N/A
Current Symbol: NASDAQ:LEVL
CUSIP: N/A
CIK: 1412707
Web: www.levelonebank.com
Phone: (248) 737-0300
Fax: N/A
Employees: 282
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $3.95
Trailing P/E Ratio: 10.11
Forward P/E Ratio: 12.88
P/E Growth: N/A
Net Income: $32.48 million
Net Margins: 29.28%
Pretax Margin: 36.56%
Return on Equity: 15.51%
Return on Assets: 1.26%

Debt

Debt-to-Equity Ratio: 0.14
Current Ratio: 0.88
Quick Ratio: 0.88

Sales & Book Value

Annual Sales: $109.02 million
Price / Sales: 2.85
Cash Flow: $4.88 per share
Price / Cash Flow: 8.18
Book Value: $28.36 per share
Price / Book: 1.41

Miscellaneous

Outstanding Shares: 7,788,000
Free Float: 4,704,000
Market Cap: $310.97 million
Optionable: Not Optionable
Beta: 0.79

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Key Executives

Patrick J. Fehring
Chairman & Chief Executive Officer
Timothy R. Mackay
President
David C. Walker
Chief Financial Officer & Executive Vice President
Gregory A. Wernette
Secretary, Chief Lending Officer & Executive VP
Melanie C. Barrett
Chief Human Resources Officer & Executive VP

Key Competitors

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LEVL Stock Analysis - Frequently Asked Questions

How were Level One Bancorp's earnings last quarter?: Level One Bancorp, Inc. (NASDAQ:LEVL) released its earnings results on Thursday, October, 28th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. The business had revenue of $26.56 million for the quarter, compared to analysts' expectations of $24.85 million. Level One Bancorp had a net margin of 29.28% and a trailing twelve-month return on equity of 15.51%.
Is Level One Bancorp a good dividend stock?: 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.
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).
When did Level One Bancorp IPO?: 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.

This page (NASDAQ:LEVL) was last updated on 4/19/2024 by MarketBeat.com Staff

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

About Level One Bancorp Stock (NASDAQ:LEVL)

LEVL Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

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LEVL Stock Analysis - Frequently Asked Questions

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