Limestone Bancorp (NASDAQ:LMST) Announces Quarterly Earnings Results


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Limestone Bancorp (NASDAQ:LMST) released its quarterly earnings results on Tuesday. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.12, MarketWatch Earnings reports. Limestone Bancorp had a return on equity of 7.64% and a net margin of 13.33%.

Shares of NASDAQ LMST traded down $0.15 during midday trading on Thursday, hitting $15.45. The company’s stock had a trading volume of 9,895 shares, compared to its average volume of 11,518. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $16.01 and its two-hundred day moving average is $13.57. Limestone Bancorp has a 12-month low of $9.82 and a 12-month high of $17.00. The firm has a market cap of $101.89 million, a P/E ratio of 15.00 and a beta of 0.87.

A number of brokerages recently commented on LMST. Raymond James raised Limestone Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, January 25th. Zacks Investment Research downgraded Limestone Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 30th.

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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