FSI Group LLC lowered its holdings in shares of Level One Bancorp (NASDAQ:LEVL) by 34.1% in the third quarter, HoldingsChannel.com reports. The firm owned 25,070 shares of the company’s stock after selling 13,000 shares during the period. FSI Group LLC’s holdings in Level One Bancorp were worth $697,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Northpointe Capital LLC bought a new position in Level One Bancorp during the second quarter worth about $2,695,000. Clarkston Capital Partners LLC boosted its holdings in shares of Level One Bancorp by 682.7% during the third quarter. Clarkston Capital Partners LLC now owns 117,401 shares of the company’s stock worth $3,264,000 after acquiring an additional 102,401 shares during the period. Telemus Capital LLC bought a new stake in shares of Level One Bancorp during the second quarter worth approximately $272,000. Raymond James & Associates bought a new stake in shares of Level One Bancorp during the second quarter worth approximately $304,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of Level One Bancorp during the second quarter worth approximately $5,359,000. Institutional investors and hedge funds own 39.02% of the company’s stock.
Separately, Zacks Investment Research cut Level One Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday.
Level One Bancorp (NASDAQ:LEVL) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). The firm had revenue of $14.99 million during the quarter, compared to the consensus estimate of $14.60 million. As a group, equities analysts expect that Level One Bancorp will post 1.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Sunday, September 30th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Thursday, September 27th.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://sportsperspectives.com/2018/11/09/level-one-bancorp-levl-shares-sold-by-fsi-group-llc.html.
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.
Further Reading: What are the reasons investors use put options?
Want to see what other hedge funds are holding LEVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Level One Bancorp (NASDAQ:LEVL).
Receive News & Ratings for Level One Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Level One Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.