Alliancebernstein L.P. Raises Holdings in Limestone Bancorp, Inc. (NASDAQ:LMST)

Alliancebernstein L.P. increased its position in shares of Limestone Bancorp, Inc. (NASDAQ:LMST) by 2.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 184,451 shares of the company’s stock after purchasing an additional 4,097 shares during the quarter. Alliancebernstein L.P. owned approximately 2.80% of Limestone Bancorp worth $2,924,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Valeo Financial Advisors LLC purchased a new stake in shares of Limestone Bancorp during the first quarter worth approximately $32,000. JPMorgan Chase & Co. increased its position in shares of Limestone Bancorp by 190.1% during the fourth quarter. JPMorgan Chase & Co. now owns 14,937 shares of the company’s stock worth $188,000 after purchasing an additional 9,788 shares in the last quarter. ELCO Management Co. LLC increased its position in shares of Limestone Bancorp by 53.8% during the fourth quarter. ELCO Management Co. LLC now owns 29,945 shares of the company’s stock worth $376,000 after purchasing an additional 10,474 shares in the last quarter. Banc Funds Co. LLC increased its position in shares of Limestone Bancorp by 5.0% during the fourth quarter. Banc Funds Co. LLC now owns 366,452 shares of the company’s stock worth $4,603,000 after purchasing an additional 17,606 shares in the last quarter. Finally, Mendon Capital Advisors Corp increased its position in shares of Limestone Bancorp by 15.4% during the fourth quarter. Mendon Capital Advisors Corp now owns 79,989 shares of the company’s stock worth $1,004,000 after purchasing an additional 10,648 shares in the last quarter. Hedge funds and other institutional investors own 39.99% of the company’s stock.

Several analysts have issued reports on the company. Raymond James upped their target price on Limestone Bancorp from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, June 3rd. Zacks Investment Research upgraded Limestone Bancorp from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday, April 29th.

Shares of NASDAQ:LMST opened at $16.27 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $15.84. The stock has a market cap of $107.30 million, a PE ratio of 11.71 and a beta of 0.83. Limestone Bancorp, Inc. has a 52-week low of $9.82 and a 52-week high of $17.00.

Limestone Bancorp (NASDAQ:LMST) last issued its earnings results on Tuesday, April 20th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.12. Limestone Bancorp had a return on equity of 9.09% and a net margin of 18.31%. Analysts predict that Limestone Bancorp, Inc. will post 1.63 EPS for the current year.

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 savings, interest checking, and money market accounts, as well as fixed rate certificates with varying maturities.

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

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