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 the 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ LMST traded up $0.04 during midday trading on Monday, reaching $15.06. 1,400 shares of the company’s stock traded hands, compared to its average volume of 3,391. 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 stock’s 50 day simple moving average is $15.15 and its 200-day simple moving average is $15.05. Limestone Bancorp Inc has a one year low of $11.91 and a one year high of $16.59. The company has a market cap of $93.88 million, a price-to-earnings ratio of 12.24 and a beta of 0.19.

Limestone Bancorp (NASDAQ:LMST) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.17. Limestone Bancorp had a net margin of 21.28% and a return on equity of 11.65%. The firm had revenue of $10.25 million for the quarter, compared to the consensus estimate of $10.47 million. Equities analysts predict that Limestone Bancorp Inc will post 1.33 EPS for the current fiscal year.



A number of equities analysts have recently issued reports on LMST shares. Zacks Investment Research downgraded shares of Limestone Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. ValuEngine downgraded shares of Limestone Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Raymond James started coverage on shares of Limestone Bancorp in a research note on Thursday. They set an “outperform” rating and a $18.00 price objective on the stock.

A number of large investors have recently bought and sold shares of the stock. Susquehanna International Group LLP grew its position in shares of Limestone Bancorp by 31.1% during the 2nd quarter. Susquehanna International Group LLP now owns 20,905 shares of the company’s stock valued at $319,000 after acquiring an additional 4,965 shares during the period. EJF Capital LLC boosted its holdings in Limestone Bancorp by 3.8% in the 2nd quarter. EJF Capital LLC now owns 301,100 shares of the company’s stock worth $4,592,000 after buying an additional 11,000 shares during the period. Vanguard Group Inc. boosted its holdings in Limestone Bancorp by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 77,016 shares of the company’s stock worth $1,175,000 after buying an additional 4,756 shares during the period. BlackRock Inc. boosted its holdings in Limestone Bancorp by 14.3% in the 2nd quarter. BlackRock Inc. now owns 13,325 shares of the company’s stock worth $203,000 after buying an additional 1,665 shares during the period. Finally, Context BH Capital Management LP boosted its holdings in Limestone Bancorp by 51.2% in the 2nd quarter. Context BH Capital Management LP now owns 22,959 shares of the company’s stock worth $350,000 after buying an additional 7,774 shares during the period. 26.67% of the stock is owned by institutional investors.

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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