Analysts Set $16.25 Target Price for Limestone Bancorp Inc (NASDAQ:LMST)

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

Brokerages have set a one year consensus price target of $16.25 for the company and are anticipating that the company will post $0.34 EPS for the current quarter, according to Zacks. Zacks has also assigned Limestone Bancorp an industry rank of 162 out of 256 based on the ratings given to related companies.

A number of research firms have recently commented on LMST. ValuEngine cut shares of Limestone Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research cut shares of Limestone Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Meridian Wealth Management LLC acquired a new position in shares of Limestone Bancorp during the first quarter worth $33,000. Acadian Asset Management LLC lifted its position in shares of Limestone Bancorp by 97.0% during the second quarter. Acadian Asset Management LLC now owns 6,235 shares of the company’s stock worth $95,000 after purchasing an additional 3,070 shares in the last quarter. Legacy Advisors LLC acquired a new position in shares of Limestone Bancorp during the first quarter worth $49,000. Context BH Capital Management LP lifted its position in shares of Limestone Bancorp by 51.2% during the second quarter. Context BH Capital Management LP now owns 22,959 shares of the company’s stock worth $350,000 after purchasing an additional 7,774 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of 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 in the last quarter. 26.64% of the stock is currently owned by institutional investors and hedge funds.

LMST stock traded down $0.02 during midday trading on Friday, reaching $15.15. 6,625 shares of the company’s stock traded hands, compared to its average volume of 2,750. The company has a market cap of $94.69 million, a P/E ratio of 12.32 and a beta of 0.19. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.90 and a quick ratio of 0.89. Limestone Bancorp has a fifty-two week low of $11.91 and a fifty-two week high of $16.59. The stock’s 50-day simple moving average is $15.16.

Limestone Bancorp (NASDAQ:LMST) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.17. The firm had revenue of $10.25 million for the quarter, compared to analysts’ expectations of $10.47 million. Limestone Bancorp had a net margin of 21.28% and a return on equity of 11.65%. Equities analysts expect that Limestone Bancorp will post 1.31 earnings per share for the current year.

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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