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 business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $15.21, for a total transaction of $15,210.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:LMST opened at $14.95 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.81. The firm has a market cap of $94.70 million, a price-to-earnings ratio of 12.15 and a beta of 0.19. The company has a 50-day moving average price of $15.16. Limestone Bancorp Inc has a 1-year low of $11.91 and a 1-year high of $16.59.

Limestone Bancorp (NASDAQ:LMST) last posted its earnings results on Wednesday, July 24th. The company reported $0.49 earnings per share for the quarter, beating the 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%. Sell-side analysts anticipate that Limestone Bancorp Inc will post 1.31 EPS for the current year.



LMST has been the topic of several recent analyst reports. ValuEngine lowered shares of Limestone Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Raymond James initiated coverage on shares of Limestone Bancorp in a report on Thursday. They issued an “outperform” rating and a $18.00 target price 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.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Limestone Bancorp by 14.3% in the 2nd quarter. BlackRock Inc. now owns 13,325 shares of the company’s stock valued at $203,000 after acquiring an additional 1,665 shares during the period. Meridian Wealth Management LLC purchased a new stake in shares of Limestone Bancorp in the 1st quarter valued at approximately $33,000. Acadian Asset Management LLC raised its stake in shares of Limestone Bancorp by 97.0% in the 2nd quarter. Acadian Asset Management LLC now owns 6,235 shares of the company’s stock valued at $95,000 after acquiring an additional 3,070 shares during the period. Legacy Advisors LLC purchased a new stake in shares of Limestone Bancorp in the 1st quarter valued at approximately $49,000. Finally, Vanguard Group Inc. raised its stake in shares of Limestone Bancorp by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 77,016 shares of the company’s stock valued at $1,175,000 after acquiring an additional 4,756 shares during the period. 26.62% of the stock is currently owned by institutional investors and hedge funds.

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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