Analysts Anticipate Limestone Bancorp Inc (NASDAQ:LMST) to Post $0.34 EPS

Limestone Bancorp Inc (NASDAQ:LMST) has earned a consensus broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and one has given a strong buy rating to the company. Limestone Bancorp’s rating score has declined by 50% from 90 days ago as a result of various analysts’ ratings changes.

Brokers have set a one year consensus price target of $17.13 for the company and are predicting that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also given Limestone Bancorp an industry rank of 169 out of 256 based on the ratings given to its competitors.

LMST has been the topic of several analyst reports. 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. Finally, Raymond James initiated coverage on Limestone Bancorp in a research report on Thursday. They set an “outperform” rating and a $18.00 price target on the stock.

LMST traded up $0.03 during trading hours on Monday, hitting $15.05. The company’s stock had a trading volume of 1,249 shares, compared to its average volume of 3,387. Limestone Bancorp has a fifty-two week low of $11.91 and a fifty-two week high of $16.59. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $93.88 million, a PE ratio of 12.24 and a beta of 0.19. The company has a 50-day simple moving average of $15.16 and a 200 day simple moving average of $15.05.

Limestone Bancorp (NASDAQ:LMST) last posted its earnings results on Wednesday, July 24th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.32 by $0.17. Limestone Bancorp had a return on equity of 11.65% and a net margin of 21.28%. The firm had revenue of $10.25 million for the quarter, compared to analysts’ expectations of $10.47 million. Research analysts expect that Limestone Bancorp will post 1.33 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Meridian Wealth Management LLC bought a new stake in shares of Limestone Bancorp during the 1st quarter worth $33,000. Acadian Asset Management LLC boosted its position in shares of Limestone Bancorp by 97.0% in the second quarter. Acadian Asset Management LLC now owns 6,235 shares of the company’s stock worth $95,000 after buying an additional 3,070 shares during the period. BlackRock Inc. boosted its position in shares of Limestone Bancorp by 14.3% in the second quarter. BlackRock Inc. now owns 13,325 shares of the company’s stock worth $203,000 after buying an additional 1,665 shares during the period. Context BH Capital Management LP acquired a new stake in shares of Limestone Bancorp in the first quarter worth $227,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 buying an additional 9,485 shares during the period. Institutional investors own 26.67% of the company’s stock.

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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