Zacks: Limestone Bancorp Inc (NASDAQ:LMST) Receives Consensus Rating of “Strong Buy” from Analysts

Share on StockTwits

Limestone Bancorp Inc (NASDAQ:LMST) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a 1 year consensus price target of $16.25 for the company and are anticipating that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also given Limestone Bancorp an industry rank of 171 out of 256 based on the ratings given to its competitors.

Several equities research analysts recently issued reports on LMST shares. Zacks Investment Research raised Iterum Therapeutics from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Thursday, March 28th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

A number of large investors have recently bought and sold shares of LMST. Meridian Wealth Management LLC bought a new stake in Limestone Bancorp during the first quarter worth about $33,000. Legacy Advisors LLC bought a new stake in Limestone Bancorp during the first quarter worth about $49,000. Dimensional Fund Advisors LP lifted its stake in Limestone Bancorp by 88.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,229 shares of the company’s stock worth $278,000 after purchasing an additional 9,485 shares during the last quarter. Finally, Context BH Capital Management LP bought a new stake in Limestone Bancorp during the first quarter worth about $227,000. 26.73% of the stock is owned by institutional investors.

Shares of NASDAQ LMST traded down $0.09 during mid-day trading on Thursday, hitting $15.07. The company had a trading volume of 11,358 shares, compared to its average volume of 3,378. The firm has a market capitalization of $94.05 million, a P/E ratio of 12.25 and a beta of 0.20. Limestone Bancorp has a 1 year low of $11.91 and a 1 year high of $17.65. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.89 and a quick ratio of 0.89. The business’s 50-day simple moving average is $15.09.

Limestone Bancorp (NASDAQ:LMST) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The company had revenue of $10.24 million during the quarter, compared to analyst estimates of $10.18 million. Limestone Bancorp had a return on equity of 10.31% and a net margin of 18.85%. As a group, research analysts forecast that Limestone Bancorp will post 1.31 earnings per share for the current year.

About Limestone Bancorp

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.

Read More: What does an outperform rating mean?

Get a free copy of the Zacks research report on Limestone Bancorp (LMST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Limestone Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limestone Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Perseus Mining  Set to Announce Quarterly Earnings on Wednesday
Perseus Mining Set to Announce Quarterly Earnings on Wednesday
NVE  Set to Announce Earnings on Wednesday
NVE Set to Announce Earnings on Wednesday
Piedmont Lithium  vs. Its Peers Financial Analysis
Piedmont Lithium vs. Its Peers Financial Analysis
Head-To-Head Analysis: Marriott International  versus Wyndham Hotels & Resorts
Head-To-Head Analysis: Marriott International versus Wyndham Hotels & Resorts
Qutoutiao  and FactSet Research Systems  Financial Review
Qutoutiao and FactSet Research Systems Financial Review
Reviewing Cogent Communications  and Blackbaud
Reviewing Cogent Communications and Blackbaud


© 2006-2019 Ticker Report