“Level One Bancorp (LEVL) Announces Earnings Results, Misses Estimates By $0.01 EPS

“Level One Bancorp (NASDAQ:LEVL) announced its earnings results on Tuesday. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.01), Bloomberg Earnings reports. The company had revenue of $13.50 million for the quarter.

Shares of “Level One Bancorp traded up $28.87, hitting $28.87, during trading hours on Wednesday, Marketbeat.com reports. 18,100 shares of the company’s stock traded hands, compared to its average volume of 23,353. “Level One Bancorp has a 52 week low of $28.80 and a 52 week high of $28.80.

In other “Level One Bancorp news, EVP Gregory A. Wernette sold 9,000 shares of the company’s stock in a transaction dated Thursday, April 19th. The shares were sold at an average price of $28.00, for a total transaction of $252,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Victor L. Ansara sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 19th. The shares were sold at an average price of $28.00, for a total transaction of $560,000.00. The disclosure for this sale can be found here.

A number of brokerages recently issued reports on LEVL. Raymond James began coverage on shares of “Level One Bancorp in a research report on Tuesday. They issued an “outperform” rating and a $32.00 target price for the company. Piper Jaffray began coverage on shares of “Level One Bancorp in a research report on Tuesday. They issued a “neutral” rating and a $30.00 target price for the company. Finally, Keefe, Bruyette & Woods began coverage on shares of “Level One Bancorp in a research report on Tuesday. They issued an “outperform” rating and a $34.00 target price for the company.

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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