Limestone Bancorp (NASDAQ:LMST) Announces Earnings Results

Limestone Bancorp (NASDAQ:LMST) released its earnings results on Tuesday. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.15, MarketWatch Earnings reports. Limestone Bancorp had a return on equity of 9.09% and a net margin of 18.31%.

Shares of Limestone Bancorp stock opened at $16.61 on Thursday. The stock has a market capitalization of $109.46 million, a price-to-earnings ratio of 11.95 and a beta of 0.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 0.88. Limestone Bancorp has a 12 month low of $9.82 and a 12 month high of $17.00. The company’s fifty day moving average price is $16.35.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered Limestone Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 29th. Raymond James raised their price target on Limestone Bancorp from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, June 3rd.

In other news, EVP Joseph C. Seiler sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 15th. The stock was sold at an average price of $16.33, for a total transaction of $32,660.00. Company insiders own 15.80% 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 savings, interest checking, and money market accounts, as well as fixed rate certificates with varying maturities.

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Earnings History for Limestone Bancorp (NASDAQ:LMST)

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