Zacks Investment Research cut shares of Level One Bancorp (NASDAQ:LEVL) from a hold rating to a strong sell rating in a report issued on Saturday morning, Zacks.com reports.

According to Zacks, “Level One Bancorp, Inc. provides banking services. Its product portfolio include lines of credit, term loans, leases, commercial mortgages, SBA loans, export-import financing, treasury management, private banking, personal savings, checking accounts and consumer loan. Level One Bancorp is based in Michigan. “

A number of other research analysts have also commented on the company. Raymond James restated a buy rating and issued a $21.00 target price on shares of Level One Bancorp in a research note on Tuesday, September 8th. ValuEngine lowered Level One Bancorp from a sell rating to a strong sell rating in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $20.33.

Shares of LEVL stock opened at $16.27 on Friday. Level One Bancorp has a 12 month low of $13.44 and a 12 month high of $26.69. The firm has a market cap of $125.83 million, a PE ratio of 7.98 and a beta of 0.81. The stock has a 50 day moving average of $16.32 and a 200-day moving average of $17.61. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.25.

Level One Bancorp (NASDAQ:LEVL) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Level One Bancorp had a return on equity of 10.18% and a net margin of 16.50%. The business had revenue of $24.02 million for the quarter, compared to analyst estimates of $21.00 million. As a group, equities analysts predict that Level One Bancorp will post 2.42 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. EJF Capital LLC acquired a new position in Level One Bancorp during the second quarter worth $1,149,000. Bank of America Corp DE raised its stake in Level One Bancorp by 37.5% during the second quarter. Bank of America Corp DE now owns 3,908 shares of the company’s stock worth $65,000 after acquiring an additional 1,066 shares in the last quarter. State Street Corp raised its stake in Level One Bancorp by 5.0% during the first quarter. State Street Corp now owns 83,180 shares of the company’s stock worth $1,501,000 after acquiring an additional 3,925 shares in the last quarter. Advisor Group Holdings Inc. acquired a new position in Level One Bancorp during the first quarter worth $89,000. Finally, Geode Capital Management LLC raised its stake in Level One Bancorp by 5.5% during the first quarter. Geode Capital Management LLC now owns 63,957 shares of the company’s stock worth $1,151,000 after acquiring an additional 3,354 shares in the last quarter. Hedge funds and other institutional investors own 45.27% of the company’s stock.

Level One Bancorp Company Profile

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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