Equities analysts expect that Limestone Bancorp Inc (NASDAQ:LMST) will post $11.80 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Limestone Bancorp’s earnings. The lowest sales estimate is $11.60 million and the highest is $12.00 million. Limestone Bancorp posted sales of $10.25 million during the same quarter last year, which suggests a positive year-over-year growth rate of 15.1%. The business is expected to report its next earnings results on Wednesday, July 22nd.
On average, analysts expect that Limestone Bancorp will report full-year sales of $47.65 million for the current year, with estimates ranging from $47.30 million to $48.00 million. For the next financial year, analysts forecast that the business will report sales of $48.05 million, with estimates ranging from $48.00 million to $48.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Limestone Bancorp.
Limestone Bancorp (NASDAQ:LMST) last posted its quarterly earnings data on Thursday, April 16th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $11.49 million for the quarter, compared to analysts’ expectations of $10.95 million. Limestone Bancorp had a return on equity of 9.72% and a net margin of 16.69%.
LMST has been the subject of several recent analyst reports. ValuEngine lowered shares of Limestone Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. Raymond James lowered shares of Limestone Bancorp from an “outperform” rating to a “market perform” rating in a research note on Monday, April 20th. Finally, Zacks Investment Research lowered shares of Limestone Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, April 23rd.
In related news, Director Kevin James Kooman bought 20,000 shares of the stock in a transaction dated Tuesday, March 17th. The stock was purchased at an average cost of $9.21 per share, with a total value of $184,200.00. Also, Director W Glenn Hogan acquired 10,000 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average cost of $6.94 per share, with a total value of $69,400.00. Insiders have bought 40,000 shares of company stock valued at $328,600 over the last three months. Insiders own 17.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in LMST. Mendon Capital Advisors Corp lifted its stake in Limestone Bancorp by 30.9% in the first quarter. Mendon Capital Advisors Corp now owns 35,117 shares of the company’s stock worth $392,000 after acquiring an additional 8,284 shares during the period. Salzhauer Michael purchased a new stake in Limestone Bancorp in the fourth quarter worth about $540,000. Fourthstone LLC lifted its stake in Limestone Bancorp by 58.7% in the first quarter. Fourthstone LLC now owns 216,203 shares of the company’s stock worth $2,452,000 after acquiring an additional 79,943 shares during the period. Alliancebernstein L.P. lifted its stake in Limestone Bancorp by 7.5% in the first quarter. Alliancebernstein L.P. now owns 251,239 shares of the company’s stock worth $2,799,000 after acquiring an additional 17,500 shares during the period. Finally, Patriot Financial Partners GP LP lifted its stake in Limestone Bancorp by 11.5% in the first quarter. Patriot Financial Partners GP LP now owns 291,494 shares of the company’s stock worth $3,247,000 after acquiring an additional 30,000 shares during the period. 34.62% of the stock is owned by institutional investors.
NASDAQ LMST opened at $12.00 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average of $11.94 and a two-hundred day moving average of $14.84. The firm has a market capitalization of $72.97 million, a price-to-earnings ratio of 8.50 and a beta of 0.93. Limestone Bancorp has a 52 week low of $6.83 and a 52 week high of $18.49.
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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