Limestone Bancorp Inc (NASDAQ:LMST) insider John Redmon Davis sold 750 shares of Limestone Bancorp stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $15.00, for a total transaction of $11,250.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of LMST stock opened at $15.08 on Thursday. The firm has a market cap of $94.50 million, a price-to-earnings ratio of 12.26 and a beta of 0.19. The company’s 50 day moving average is $15.14 and its 200 day moving average is $15.05. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.81. Limestone Bancorp Inc has a 52-week low of $11.91 and a 52-week high of $16.59.
Limestone Bancorp (NASDAQ:LMST) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 net margin of 21.28% and a return on equity of 11.65%. Analysts anticipate that Limestone Bancorp Inc will post 1.33 EPS for the current fiscal year.
Several equities analysts recently issued reports on the stock. ValuEngine lowered shares of Limestone Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Janney Montgomery Scott lowered shares of Limestone Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday. Raymond James assumed coverage on shares of Limestone Bancorp in a report on Thursday, August 15th. They set an “outperform” rating and a $18.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of Limestone Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $17.50.
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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