Critical Review: Level One Bancorp (LEVL) vs. Its Competitors

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Level One Bancorp (NASDAQ: LEVL) is one of 262 publicly-traded companies in the “State commercial banks” industry, but how does it contrast to its competitors? We will compare Level One Bancorp to related companies based on the strength of its dividends, risk, analyst recommendations, institutional ownership, valuation, earnings and profitability.

Profitability

This table compares Level One Bancorp and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Level One Bancorp 20.30% 10.44% 1.05%
Level One Bancorp Competitors 22.70% 10.85% 1.18%

Institutional and Insider Ownership

45.3% of Level One Bancorp shares are held by institutional investors. Comparatively, 48.5% of shares of all “State commercial banks” companies are held by institutional investors. 11.6% of shares of all “State commercial banks” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Analyst Recommendations

This is a breakdown of current ratings and price targets for Level One Bancorp and its competitors, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Level One Bancorp 0 1 2 0 2.67
Level One Bancorp Competitors 2242 6746 5165 303 2.24

Level One Bancorp presently has a consensus price target of $32.00, suggesting a potential upside of 33.39%. As a group, “State commercial banks” companies have a potential upside of 24.41%. Given Level One Bancorp’s stronger consensus rating and higher probable upside, equities analysts clearly believe Level One Bancorp is more favorable than its competitors.

Valuation & Earnings

This table compares Level One Bancorp and its competitors gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Level One Bancorp $70.88 million $14.39 million 12.56
Level One Bancorp Competitors $1.39 billion $271.59 million 12.67

Level One Bancorp’s competitors have higher revenue and earnings than Level One Bancorp. Level One Bancorp is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Dividends

Level One Bancorp pays an annual dividend of $0.12 per share and has a dividend yield of 0.5%. Level One Bancorp pays out 6.3% of its earnings in the form of a dividend. As a group, “State commercial banks” companies pay a dividend yield of 2.4% and pay out 29.5% of their earnings in the form of a dividend.

Summary

Level One Bancorp competitors beat Level One Bancorp on 10 of the 14 factors compared.

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. The company also provides lending products and related services comprising commercial mortgages; commercial and industrial loans with lines of credit, term loans, and owner occupied mortgages to small businesses; loans under the SBA lending program; residential real estate loans; construction and land development loans; and consumer loans, including home equity loans and automobile loans, as well as credit card services. In addition, it offers cash management services, treasury management services, and mobile banking services. The company serves individuals, owner-managed businesses, professional firms, real estate professionals, and not-for-profit businesses. It operate through 14 offices, including 12 full-service banking centers located in southeastern Michigan; and a mortgage loan production office in Ann Arbor, Michigan. Level One Bancorp, Inc. was founded in 2007 and is headquartered in Farmington Hills, Michigan.

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