Level One Bancorp (NASDAQ:LEVL) Declares Quarterly Dividend of $0.03

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Level One Bancorp (NASDAQ:LEVL) announced a quarterly dividend on Thursday, September 20th, Fidelity reports. Shareholders of record on Sunday, September 30th will be paid a dividend of 0.03 per share on Monday, October 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, September 27th.

Shares of LEVL traded down $0.02 during trading on Friday, reaching $27.57. 4,925 shares of the company traded hands, compared to its average volume of 19,759. Level One Bancorp has a twelve month low of $25.50 and a twelve month high of $30.79. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10.

Level One Bancorp (NASDAQ:LEVL) last announced its quarterly earnings data on Monday, July 30th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The business had revenue of $13.87 million during the quarter, compared to analyst estimates of $14.35 million. As a group, research analysts expect that Level One Bancorp will post 1.93 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Level One Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th.

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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