Limestone Bancorp (NASDAQ:LMST) Receives New Coverage from Analysts at Raymond James

Raymond James assumed coverage on shares of Limestone Bancorp (NASDAQ:LMST) in a report released on Thursday, BenzingaRatingsTable reports. The firm issued an outperform rating and a $18.00 price target on the stock.

Other equities research analysts have also issued reports about the company. ValuEngine lowered Limestone Bancorp from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Zacks Investment Research lowered Limestone Bancorp from a buy rating to a hold rating in a research report on Tuesday, July 30th.

NASDAQ:LMST opened at $15.02 on Thursday. 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 stock has a 50 day moving average of $15.16 and a two-hundred day moving average of $15.05. The firm has a market cap of $93.88 million, a P/E ratio of 12.21 and a beta of 0.19. Limestone Bancorp has a 12 month low of $11.91 and a 12 month high of $16.59.



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

Several hedge funds have recently bought and sold shares of the company. Meridian Wealth Management LLC acquired a new position in Limestone Bancorp in the first quarter valued at approximately $33,000. Acadian Asset Management LLC lifted 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 valued at $95,000 after acquiring an additional 3,070 shares during the last quarter. BlackRock Inc. lifted its holdings in Limestone Bancorp by 14.3% in the second 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 last quarter. Context BH Capital Management LP acquired a new position in Limestone Bancorp in the first quarter valued at approximately $227,000. Finally, Dimensional Fund Advisors LP lifted 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 valued at $278,000 after acquiring an additional 9,485 shares during the last quarter. Institutional investors and hedge funds own 26.62% 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.

See Also: How to find the components of the quick ratio

Receive News & Ratings for Limestone Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limestone Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.