Limestone Bancorp Inc (NASDAQ:LMST) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,400 shares, a growth of 180.0% from the September 30th total of 500 shares. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.
LMST has been the subject of several recent analyst reports. ValuEngine downgraded shares of Limestone Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Raymond James initiated coverage on shares of Limestone Bancorp in a research report on Thursday, August 15th. They set an “outperform” rating and a $18.00 price objective for the company. Zacks Investment Research downgraded shares of Limestone Bancorp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 30th. Finally, Janney Montgomery Scott downgraded shares of Limestone Bancorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.50.
In other news, major shareholder Jennifer Elizabeth Porter sold 28,300 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $15.42, for a total transaction of $436,386.00. Also, major shareholder Jack Chester Jr. Porter sold 1,700 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $15.50, for a total transaction of $26,350.00. Corporate insiders own 17.00% of the company’s stock.
Shares of LMST opened at $15.30 on Friday. Limestone Bancorp has a 12-month low of $12.50 and a 12-month high of $15.95. The business’s fifty day moving average is $15.19 and its 200 day moving average is $15.14. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79. The stock has a market cap of $94.71 million, a P/E ratio of 10.38 and a beta of 0.29.
Limestone Bancorp (NASDAQ:LMST) last issued its earnings results on Wednesday, October 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Limestone Bancorp had a return on equity of 11.01% and a net margin of 20.45%. The firm had revenue of $10.26 million during the quarter, compared to the consensus estimate of $10.56 million. On average, analysts expect that Limestone Bancorp will post 1.28 EPS 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.
Further Reading: Net Income
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