Limestone Bancorp Inc (LMST) Given Average Rating of “Strong Buy” by Analysts

Limestone Bancorp Inc (NASDAQ:LMST) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus price objective of $16.25 for the company and are forecasting 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 158 out of 255 based on the ratings given to related companies.

LMST has been the topic of a number of research analyst reports. 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.

In other news, Director W Kirk Wycoff bought 111,494 shares of Limestone Bancorp stock in a transaction on Thursday, December 20th. The shares were bought at an average price of $13.23 per share, with a total value of $1,475,065.62. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 17.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in LMST. BlackRock Inc. acquired a new position in shares of Limestone Bancorp during the 2nd quarter valued at $184,000. Patriot Financial Partners GP LP increased its position in shares of Limestone Bancorp by 74.3% during the 4th 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 during the period. Banc Funds Co. LLC increased its position in shares of Limestone Bancorp by 37.7% during the 4th 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 during the period. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Limestone Bancorp during the 3rd quarter valued at $167,000. Institutional investors and hedge funds own 25.54% of the company’s stock.

LMST traded down $0.06 on Friday, reaching $15.15. The company’s stock had a trading volume of 101 shares, compared to its average volume of 2,207. The company has a market capitalization of $94.84 million, a P/E ratio of 12.32 and a beta of 0.18. 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 0.84, a quick ratio of 0.89 and a current ratio of 0.89.

Limestone Bancorp (NASDAQ:LMST) last released its earnings results on Wednesday, January 23rd. The company reported $0.33 EPS for the quarter. Limestone Bancorp had a return on equity of 9.99% and a net margin of 17.86%. The company had revenue of $10.38 million for the quarter. As a group, equities research analysts forecast that Limestone Bancorp will post 1.31 earnings per share for the current fiscal 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.

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