Limestone Bancorp (NASDAQ:LMST) Announces Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Limestone Bancorp (NASDAQ:LMST) issued its quarterly earnings data on Tuesday. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.15, MarketWatch Earnings reports. Limestone Bancorp had a net margin of 18.31% and a return on equity of 9.09%.

Shares of LMST traded up $0.01 during mid-day trading on Thursday, hitting $16.62. The company’s stock had a trading volume of 239 shares, compared to its average volume of 40,808. The company has a 50-day moving average of $16.35. The company has a market cap of $109.53 million, a PE ratio of 11.95 and a beta of 0.82. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.88. Limestone Bancorp has a fifty-two week low of $9.82 and a fifty-two week high of $17.00.

In other news, EVP Joseph C. Seiler sold 2,000 shares of Limestone Bancorp stock in a transaction that occurred on Tuesday, June 15th. The shares were sold at an average price of $16.33, for a total value of $32,660.00. Insiders own 15.80% of the company’s stock.

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

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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Earnings History for Limestone Bancorp (NASDAQ:LMST)

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