Joseph C. Seiler Sells 1,000 Shares of Limestone Bancorp Inc (NASDAQ:LMST) Stock

Limestone Bancorp Inc (NASDAQ:LMST) EVP Joseph C. Seiler sold 1,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $15.21, for a total value of $15,210.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Limestone Bancorp stock remained flat at $$15.15 during midday trading on Monday. The company’s stock had a trading volume of 7,900 shares, compared to its average volume of 3,431. Limestone Bancorp Inc has a 1 year low of $11.91 and a 1 year high of $16.59. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average price of $15.16. The stock has a market cap of $93.81 million, a price-to-earnings ratio of 12.32 and a beta of 0.19.

Limestone Bancorp (NASDAQ:LMST) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.17. The company had revenue of $10.25 million for the quarter, compared to analyst estimates of $10.47 million. Limestone Bancorp had a return on equity of 11.65% and a net margin of 21.28%. On average, equities research analysts anticipate that Limestone Bancorp Inc will post 1.31 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of LMST. Dimensional Fund Advisors LP boosted its position in Limestone Bancorp by 88.3% in 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. Eidelman Virant Capital lifted its position in shares of Limestone Bancorp by 7.2% during the 2nd quarter. Eidelman Virant Capital now owns 142,132 shares of the company’s stock valued at $2,167,000 after buying an additional 9,503 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Limestone Bancorp by 97.0% during the 2nd quarter. Acadian Asset Management LLC now owns 6,235 shares of the company’s stock valued at $95,000 after buying an additional 3,070 shares during the last quarter. Context BH Capital Management LP lifted its position in shares of Limestone Bancorp by 51.2% during the 2nd quarter. Context BH Capital Management LP now owns 22,959 shares of the company’s stock valued at $350,000 after buying an additional 7,774 shares during the last quarter. Finally, Meridian Wealth Management LLC purchased a new position in shares of Limestone Bancorp during the 1st quarter valued at $33,000. Institutional investors and hedge funds own 26.64% of the company’s stock.

Several research analysts have weighed in on LMST shares. Zacks Investment Research cut Limestone Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. ValuEngine cut Limestone Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

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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