Limestone Bancorp (NASDAQ:LMST) Trading Down 1.2%

Shares of Limestone Bancorp, Inc. (NASDAQ:LMSTGet Rating) dropped 1.2% during trading on Thursday . The stock traded as low as $18.41 and last traded at $18.41. Approximately 597 shares were traded during trading, a decline of 91% from the average daily volume of 6,550 shares. The stock had previously closed at $18.64.

Separately, Raymond James increased their price target on shares of Limestone Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, April 25th.

The firm has a market capitalization of $121.91 million, a PE ratio of 9.21 and a beta of 0.68. The company’s 50-day simple moving average is $20.15 and its 200 day simple moving average is $19.83. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.40.

Limestone Bancorp (NASDAQ:LMSTGet Rating) last announced its quarterly earnings data on Wednesday, April 20th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.39 by $0.08. The firm had revenue of $13.35 million during the quarter, compared to analyst estimates of $12.75 million. Limestone Bancorp had a net margin of 25.92% and a return on equity of 11.93%. On average, sell-side analysts forecast that Limestone Bancorp, Inc. will post 1.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Friday, June 17th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, June 16th. Limestone Bancorp’s payout ratio is currently 10.00%.

Institutional investors have recently made changes to their positions in the stock. MCF Advisors LLC purchased a new position in shares of Limestone Bancorp in the 1st quarter valued at approximately $42,000. State Street Corp raised its position in shares of Limestone Bancorp by 22.1% in the 1st quarter. State Street Corp now owns 12,676 shares of the company’s stock valued at $265,000 after purchasing an additional 2,294 shares during the last quarter. BlackRock Inc. increased its holdings in Limestone Bancorp by 728.8% in the 3rd quarter. BlackRock Inc. now owns 13,758 shares of the company’s stock worth $247,000 after buying an additional 12,098 shares during the period. River Oaks Capital LLC acquired a new position in Limestone Bancorp in the 4th quarter worth approximately $589,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Limestone Bancorp by 10.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 154,001 shares of the company’s stock worth $3,212,000 after buying an additional 15,127 shares during the period. 44.63% of the stock is owned by hedge funds and other institutional investors.

Limestone Bancorp Company Profile (NASDAQ:LMST)

Limestone Bancorp, Inc operates as the bank holding company for Limestone Bank, Inc that provides a range of personal and business banking products and services. The company's deposit products include savings, interest checking, and money market accounts, as well as fixed rate certificates with varying maturities.

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