RMB Capital Management LLC cut its position in shares of Limestone Bancorp Inc (NASDAQ:LMST) by 37.5% in the fourth quarter, HoldingsChannel reports. The firm owned 250,200 shares of the company’s stock after selling 150,000 shares during the period. RMB Capital Management LLC’s holdings in Limestone Bancorp were worth $3,408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP bought a new stake in Limestone Bancorp during the 3rd quarter valued at $167,000. BlackRock Inc. bought a new position in shares of Limestone Bancorp in the 2nd quarter worth $184,000. Patriot Financial Partners GP LP raised its position in shares of Limestone Bancorp by 74.3% in the 4th quarter. Patriot Financial Partners GP LP now owns 261,494 shares of the company’s stock worth $3,598,000 after acquiring an additional 111,494 shares in the last quarter. Finally, Banc Funds Co. LLC raised its position in shares of Limestone Bancorp by 37.7% in the 4th quarter. Banc Funds Co. LLC now owns 279,353 shares of the company’s stock worth $3,752,000 after acquiring an additional 76,418 shares in the last quarter. 25.66% of the stock is owned by institutional investors and hedge funds.

In related news, Director W Kirk Wycoff purchased 111,494 shares of Limestone Bancorp stock in a transaction dated Thursday, December 20th. The stock was purchased at an average cost of $13.23 per share, with a total value of $1,475,065.62. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 17.00% of the company’s stock.

LMST has been the subject of several recent research reports. FIG Partners reissued an “outperform” rating on shares of Limestone Bancorp in a research report on Thursday, January 24th. ValuEngine lowered Limestone Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, December 11th.

LMST opened at $15.20 on Friday. The firm has a market capitalization of $95.15 million, a PE ratio of 12.36 and a beta of 0.18. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.89 and a quick ratio of 0.90. Limestone Bancorp Inc has a 12 month low of $11.91 and a 12 month high of $17.65.

Limestone Bancorp (NASDAQ:LMST) last released its quarterly earnings results on Wednesday, January 23rd. The company reported $0.33 EPS for the quarter. The firm had revenue of $10.38 million during the quarter. Limestone Bancorp had a return on equity of 9.99% and a net margin of 17.86%. Research analysts expect that Limestone Bancorp Inc will post 1.31 earnings per share for the current year.

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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.

Read More: Mutual Funds

Want to see what other hedge funds are holding LMST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Limestone Bancorp Inc (NASDAQ:LMST).

Institutional Ownership by Quarter for Limestone Bancorp (NASDAQ:LMST)

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