$0.38 EPS Expected for Limestone Bancorp, Inc. (NASDAQ:LMST) This Quarter

Equities research analysts expect Limestone Bancorp, Inc. (NASDAQ:LMST) to announce earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Limestone Bancorp’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.39. Limestone Bancorp reported earnings per share of $0.26 during the same quarter last year, which indicates a positive year-over-year growth rate of 46.2%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, July 28th.

According to Zacks, analysts expect that Limestone Bancorp will report full year earnings of $1.63 per share for the current year, with EPS estimates ranging from $1.60 to $1.65. For the next financial year, analysts anticipate that the business will report earnings of $1.43 per share, with EPS estimates ranging from $1.39 to $1.46. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Limestone Bancorp.

Limestone Bancorp (NASDAQ:LMST) last announced its quarterly earnings data on Tuesday, April 20th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.12. Limestone Bancorp had a net margin of 13.33% and a return on equity of 7.64%.

Several research analysts have recently commented on the company. Raymond James upgraded Limestone Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, January 25th. Zacks Investment Research upgraded Limestone Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, April 29th.

Several institutional investors have recently bought and sold shares of the company. MCF Advisors LLC increased its holdings in Limestone Bancorp by 100.0% during the 4th quarter. MCF Advisors LLC now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares during the period. Valeo Financial Advisors LLC purchased a new position in shares of Limestone Bancorp during the first quarter valued at approximately $32,000. BNP Paribas Arbitrage SA raised its holdings in shares of Limestone Bancorp by 130.9% during the first quarter. BNP Paribas Arbitrage SA now owns 2,394 shares of the company’s stock valued at $38,000 after acquiring an additional 1,357 shares in the last quarter. Barclays PLC lifted its stake in Limestone Bancorp by 146.9% in the first quarter. Barclays PLC now owns 4,514 shares of the company’s stock worth $71,000 after acquiring an additional 2,686 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Limestone Bancorp by 16.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,288 shares of the company’s stock valued at $91,000 after acquiring an additional 1,018 shares in the last quarter. Institutional investors own 35.72% of the company’s stock.

Limestone Bancorp stock traded down $0.19 during mid-day trading on Monday, hitting $15.88. The company’s stock had a trading volume of 6,618 shares, compared to its average volume of 11,016. The business has a 50 day moving average price of $15.75 and a 200-day moving average price of $14.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.89 and a quick ratio of 0.89. Limestone Bancorp has a 12 month low of $9.82 and a 12 month high of $17.00. The stock has a market cap of $104.73 million, a price-to-earnings ratio of 15.42 and a beta of 0.87.

Limestone Bancorp Company Profile

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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