Limestone Bancorp (NASDAQ:LMST) Coverage Initiated by Analysts at Raymond James

Raymond James began coverage on shares of Limestone Bancorp (NASDAQ:LMST) in a research report sent to investors on Thursday, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $18.00 target price on the stock.

Several other equities analysts have also commented on LMST. ValuEngine lowered Limestone Bancorp from a hold rating to a sell rating in a report on Tuesday, July 2nd. Zacks Investment Research lowered Limestone Bancorp from a buy rating to a hold rating in a report on Tuesday, July 30th.

NASDAQ:LMST opened at $15.02 on Thursday. The firm has a market capitalization of $93.88 million, a PE ratio of 12.21 and a beta of 0.19. The business’s fifty day moving average price is $15.16 and its 200 day moving average price is $15.05. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.90 and a quick ratio of 0.90. Limestone Bancorp has a 12 month low of $11.91 and a 12 month high of $16.59.

Limestone Bancorp (NASDAQ:LMST) last posted its earnings results on Wednesday, July 24th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.32 by $0.17. The firm had revenue of $10.25 million for the quarter, compared to analyst estimates of $10.47 million. Limestone Bancorp had a return on equity of 11.65% and a net margin of 21.28%. As a group, equities analysts anticipate that Limestone Bancorp will post 1.33 EPS for the current year.

Several hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP raised its holdings in Limestone Bancorp by 31.1% in the 2nd quarter. Susquehanna International Group LLP now owns 20,905 shares of the company’s stock worth $319,000 after purchasing an additional 4,965 shares during the period. EJF Capital LLC raised 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 purchasing an additional 11,000 shares during the period. Vanguard Group Inc. raised 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 purchasing an additional 4,756 shares during the period. BlackRock Inc. raised 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 purchasing an additional 1,665 shares during the period. Finally, Context BH Capital Management LP raised 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 purchasing an additional 7,774 shares during the period. 26.62% of the stock is currently owned by institutional investors.

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.

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