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

Limestone Bancorp (NASDAQ:LMST) announced its earnings results on Tuesday. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.15, MarketWatch Earnings reports. Limestone Bancorp had a return on equity of 9.09% and a net margin of 18.31%.

Limestone Bancorp stock traded up $0.01 during mid-day trading on Thursday, reaching $16.62. 346 shares of the company were exchanged, compared to its average volume of 40,808. Limestone Bancorp has a twelve month low of $9.82 and a twelve month high of $17.00. The stock has a 50-day moving average price of $16.35. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $109.53 million, a price-to-earnings ratio of 11.95 and a beta of 0.82.

A number of analysts recently issued reports on the company. Zacks Investment Research cut Limestone Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 29th. Raymond James increased their price objective on Limestone Bancorp from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, June 3rd.

In other Limestone Bancorp news, EVP Joseph C. Seiler sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 15th. The stock was sold at an average price of $16.33, for a total transaction of $32,660.00. 15.80% of the stock is currently owned by company insiders.

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.

Further Reading: What is the Coverage Ratio?

Earnings History for Limestone Bancorp (NASDAQ:LMST)

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