Level One Bancorp is a bank holding company. Through its subsidiary, Level One Bank (the Bank), Co. provides a range of loan products to the residential and commercial markets, as well as retail and business banking services. The Bank provides deposit services insured by the Federal Deposit Insurance Corporation, including commercial checking and small business checking products; retirement accounts such as Individual Retirement Accounts; and retail deposit services such as certificates of deposits, money market accounts, savings accounts, checking account products and Automated Teller Machines. The Bank also provides debit cards and internet banking as well commercial depository services. We show 18 historical shares outstanding datapoints in our LEVL shares outstanding history coverage, used to compute LEVL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing LEVL market cap history over the course of time is important for investors
interested in comparing LEVL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of LEVL versus a peer is one thing; comparing
LEVL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like LEVL can fluctuate over the course of history.
With this page we aim to empower investors researching LEVL by allowing them to research the LEVL market cap history. |
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Video: The Importance of Market Cap
