Limestone Bancorp Inc (NASDAQ:LMST) Insider John Redmon Davis Sells 750 Shares

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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meridian Wealth Management LLC purchased a new position in Limestone Bancorp in the first quarter worth $33,000. Acadian Asset Management LLC grew its holdings in 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 purchasing an additional 3,070 shares during the last quarter. BlackRock Inc. grew its holdings in 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 purchasing an additional 1,665 shares during the last quarter. Context BH Capital Management LP purchased a new position in Limestone Bancorp in the first quarter worth $227,000. Finally, Dimensional Fund Advisors LP grew its holdings 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. 26.67% of the stock is currently owned by institutional investors and hedge funds.

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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