“Level One Bancorp Forecasted to Post Q1 2018 Earnings of $0.51 Per Share (LEVL)

“Level One Bancorp (NASDAQ:LEVL) – Stock analysts at Piper Jaffray issued their Q1 2018 EPS estimates for “Level One Bancorp in a note issued to investors on Tuesday, May 15th. Piper Jaffray analyst N. Race forecasts that the company will earn $0.51 per share for the quarter. Piper Jaffray has a “Neutral” rating and a $30.00 price objective on the stock. Piper Jaffray also issued estimates for “Level One Bancorp’s Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $2.00 EPS, Q1 2019 earnings at $0.51 EPS, Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $0.61 EPS and FY2019 earnings at $2.25 EPS.

A number of other analysts also recently commented on LEVL. Keefe, Bruyette & Woods initiated coverage on “Level One Bancorp in a research report on Tuesday. They issued an “outperform” rating and a $34.00 price objective for the company. Raymond James initiated coverage on “Level One Bancorp in a research report on Tuesday. They issued an “outperform” rating and a $32.00 price objective for the company.

Shares of LEVL stock opened at $28.71 on Thursday. “Level One Bancorp has a 12 month low of $28.80 and a 12 month high of $28.80.

“Level One Bancorp (NASDAQ:LEVL) last announced its quarterly earnings data on Tuesday, May 15th. The company reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.01). The business had revenue of $13.50 million during the quarter.

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

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.

Earnings History and Estimates for "Level One Bancorp (NASDAQ:LEVL)

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