Level One Bancorp
Market Cap
US$169.1m
Last Updated
2021/02/25 01:02 UTC
Data Sources
Company Financials +
Executive Summary
Level One Bancorp, Inc. operates as a bank holding company for Level One Bank that provides business and consumer financial services in Michigan. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 8.2% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet and undervalued.
Similar Companies
Share Price & News
How has Level One Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LEVL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: LEVL's weekly volatility has decreased from 13% to 8% over the past year.
Market Performance
7 Day Return
4.4%
LEVL
6.3%
US Banks
-1.4%
US Market
1 Year Return
-9.6%
LEVL
16.5%
US Banks
37.1%
US Market
Return vs Industry: LEVL underperformed the US Banks industry which returned 12.4% over the past year.
Return vs Market: LEVL underperformed the US Market which returned 34.1% over the past year.
Shareholder returns
| LEVL | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.4% | 6.3% | -1.4% |
| 30 Day | 8.8% | 16.0% | 1.6% |
| 90 Day | -0.6% | 27.2% | 7.3% |
| 1 Year | -8.5%-9.6% | 20.8%16.5% | 40.2%37.1% |
| 3 Year | n/a | 16.4%6.5% | 62.5%52.1% |
| 5 Year | n/a | 104.0%78.2% | 133.9%108.0% |
Long-Term Price Volatility Vs. Market
How volatile is Level One Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Level One Bancorp, Inc. (NASDAQ:LEVL) The Right Choice For A Smart Dividend Investor?1 month ago | Simply Wall St
What You Need To Know About Level One Bancorp, Inc.'s (NASDAQ:LEVL) Investor Composition2 months ago | Simply Wall St
Be Sure To Check Out Level One Bancorp, Inc. (NASDAQ:LEVL) Before It Goes Ex-DividendValuation
Is Level One Bancorp undervalued compared to its fair value and its price relative to the market?
25.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LEVL ($22.15) is trading below our estimate of fair value ($29.59)
Significantly Below Fair Value: LEVL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LEVL is good value based on its PE Ratio (8.5x) compared to the US Banks industry average (12.4x).
PE vs Market: LEVL is good value based on its PE Ratio (8.5x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: LEVL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: LEVL is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is Level One Bancorp forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-8.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LEVL's earnings are forecast to decline over the next 3 years (-8.2% per year).
Earnings vs Market: LEVL's earnings are forecast to decline over the next 3 years (-8.2% per year).
High Growth Earnings: LEVL's earnings are forecast to decline over the next 3 years.
Revenue vs Market: LEVL's revenue (2.3% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: LEVL's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LEVL's Return on Equity is forecast to be low in 3 years time (8.5%).
Next Steps
Past Performance
How has Level One Bancorp performed over the past 5 years?
11.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LEVL has high quality earnings.
Growing Profit Margin: LEVL's current net profit margins (23.4%) are lower than last year (25%).
Past Earnings Growth Analysis
Earnings Trend: LEVL's earnings have grown by 11.9% per year over the past 5 years.
Accelerating Growth: LEVL's earnings growth over the past year (23.8%) exceeds its 5-year average (11.9% per year).
Earnings vs Industry: LEVL earnings growth over the past year (23.8%) exceeded the Banks industry 0.5%.
Return on Equity
High ROE: LEVL's Return on Equity (9.5%) is considered low.
Next Steps
Financial Health
How is Level One Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: LEVL's Assets to Equity ratio (11.3x) is moderate.
Allowance for Bad Loans: LEVL has a sufficient allowance for bad loans (119%).
Low Risk Liabilities: 88% of LEVL's liabilities are made up of primarily low risk sources of funding.
Loan Level: LEVL has an appropriate level of Loans to Assets ratio (70%).
Low Risk Deposits: LEVL's Loans to Deposits ratio (87%) is appropriate.
Level of Bad Loans: LEVL has an appropriate level of bad loans (1.1%).
Next Steps
Dividend
What is Level One Bancorp current dividend yield, its reliability and sustainability?
0.90%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LEVL's dividend (0.9%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: LEVL's dividend (0.9%) is low compared to the top 25% of dividend payers in the US market (3.75%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, LEVL has been paying a dividend for less than 10 years.
Growing Dividend: LEVL's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (7.7%), LEVL's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LEVL's dividends in 3 years are forecast to be thoroughly covered by earnings (9.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
12.6yrs
Average management tenure
CEO
Patrick Fehring (62 yo)
13.67yrs
Tenure
US$705,206
Compensation
Mr. Patrick J. Fehring, Jr., is Chairman, President and Chief Executive Officer of Level One Bank since 2007. Mr. Fehring has been Chairman, President and Chief Executive Officer since June 2007 of Level O...
CEO Compensation Analysis
Compensation vs Market: Patrick's total compensation ($USD705.21K) is about average for companies of similar size in the US market ($USD950.27K).
Compensation vs Earnings: Patrick's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 13.67yrs | US$705.21k | 2.71% $ 4.6m | |
| Executive VP & CFO | 11.5yrs | US$399.08k | 0.41% $ 690.3k | |
| Executive VP | 14.08yrs | US$469.13k | 0.33% $ 564.1k | |
| Investor Relations Contact | no data | no data | no data | |
| Executive VP & Chief Human Resources Officer | 3.08yrs | no data | 0.095% $ 161.2k | |
| Controller | no data | no data | 0.11% $ 180.5k | |
| Assistant Corporate Secretary | 8.08yrs | no data | 0.13% $ 218.3k | |
| Assistant Corporate Secretary | 14.08yrs | no data | 0.17% $ 291.0k |
12.6yrs
Average Tenure
58yo
Average Age
Experienced Management: LEVL's management team is seasoned and experienced (12.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 13.67yrs | US$705.21k | 2.71% $ 4.6m | |
| Lead Independent Director | no data | US$44.51k | 8.56% $ 14.5m | |
| Independent Director | 14.08yrs | US$40.51k | 10.03% $ 17.0m | |
| Independent Director | 13.08yrs | US$41.51k | 0.24% $ 407.1k | |
| Independent Director | 14.08yrs | US$39.01k | 9.39% $ 15.9m | |
| Independent Director | 14.08yrs | US$42.01k | 0.50% $ 837.7k | |
| Independent Director | 14.08yrs | US$40.01k | 1.2% $ 2.0m | |
| Independent Director | 11.08yrs | US$39.01k | 0.22% $ 375.5k | |
| Independent Director | 13.08yrs | US$41.51k | 0.94% $ 1.6m | |
| Independent Director | 13.08yrs | US$37.01k | 0.47% $ 788.7k | |
| Independent Director | 1.08yrs | no data | 0.14% $ 240.9k |
13.6yrs
Average Tenure
61yo
Average Age
Experienced Board: LEVL's board of directors are seasoned and experienced ( 13.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LEVL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Level One Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Level One Bancorp, Inc.
- Ticker: LEVL
- Exchange: NasdaqGS
- Founded: 2007
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$169.088m
- Shares outstanding: 7.63m
- Website: https://www.levelonebank.com
Number of Employees
Location
- Level One Bancorp, Inc.
- 32991 Hamilton Court
- Farmington Hills
- Michigan
- 48334
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LEVL | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 2018 |
| LEVL.P | NasdaqGS (Nasdaq Global Select) | 7.5% DP SH PFD B | US | USD | Aug 2020 |
Biography
Level One Bancorp, Inc. operates as a bank holding company for Level One Bank that provides business and consumer financial services in Michigan. Its deposit products include checking accounts, NOW account...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/25 01:02 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.