Shares of Limestone Bancorp Inc (NASDAQ:LMST) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price objective of $16.25 for the company and are predicting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also given Limestone Bancorp an industry rank of 154 out of 255 based on the ratings given to related companies.
A number of research analysts have recently issued reports on the company. ValuEngine raised Limestone Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. FIG Partners reaffirmed an “outperform” rating on shares of Limestone Bancorp in a report on Thursday, January 24th.
Several large investors have recently made changes to their positions in the company. Banc Funds Co. LLC lifted its holdings in shares of Limestone Bancorp by 37.7% during the fourth quarter. Banc Funds Co. LLC now owns 279,353 shares of the company’s stock valued at $3,752,000 after purchasing an additional 76,418 shares in the last quarter. Patriot Financial Partners GP LP lifted its holdings in shares of Limestone Bancorp by 74.3% during the fourth quarter. Patriot Financial Partners GP LP now owns 261,494 shares of the company’s stock valued at $3,598,000 after purchasing an additional 111,494 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Limestone Bancorp by 88.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 20,229 shares of the company’s stock valued at $278,000 after acquiring an additional 9,485 shares during the period. Renaissance Technologies LLC bought a new position in Limestone Bancorp in the second quarter valued at about $203,000. Finally, BlackRock Inc. bought a new position in Limestone Bancorp in the second quarter valued at about $184,000. 27.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ LMST traded up $0.04 during trading on Thursday, reaching $15.24. The company had a trading volume of 998 shares, compared to its average volume of 3,331. Limestone Bancorp has a 12-month low of $11.91 and a 12-month high of $17.65. The stock has a market cap of $93.92 million, a P/E ratio of 12.15 and a beta of 0.17. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94.
Limestone Bancorp (NASDAQ:LMST) last released its earnings results on Wednesday, January 23rd. The company reported $0.33 EPS for the quarter. The firm had revenue of $10.38 million for the quarter. Limestone Bancorp had a return on equity of 10.15% and a net margin of 17.86%. As a group, analysts forecast that Limestone Bancorp will post 1.31 earnings per share for the current fiscal year.
Limestone Bancorp Company Profile
Limestone Bancorp, Inc operates as the bank holding company for Limestone Bank, Inc that provides a range of commercial and personal banking products and services. The company offers deposit products, including checking, savings, and term certificate accounts, as well as money market accounts and fixed rate certificates.
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