Analysts Expect Limestone Bancorp, Inc. (NASDAQ:LMST) Will Announce Quarterly Sales of $13.10 Million

Equities research analysts expect that Limestone Bancorp, Inc. (NASDAQ:LMSTGet Rating) will post sales of $13.10 million for the current quarter, according to Zacks. Two analysts have provided estimates for Limestone Bancorp’s earnings. The highest sales estimate is $13.20 million and the lowest is $13.00 million. Limestone Bancorp posted sales of $13.05 million during the same quarter last year, which suggests a positive year over year growth rate of 0.4%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Limestone Bancorp will report full-year sales of $54.50 million for the current year, with estimates ranging from $54.00 million to $55.00 million. For the next year, analysts anticipate that the firm will report sales of $57.80 million, with estimates ranging from $57.60 million to $58.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Limestone Bancorp.

Limestone Bancorp (NASDAQ:LMSTGet Rating) last announced its earnings results on Wednesday, April 20th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.08. Limestone Bancorp had a net margin of 25.92% and a return on equity of 11.93%.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Limestone Bancorp from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research report on Thursday, April 28th. Raymond James boosted their price target on shares of Limestone Bancorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, April 25th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. River Oaks Capital LLC purchased a new position in Limestone Bancorp during the fourth quarter worth about $589,000. FJ Capital Management LLC raised its stake in Limestone Bancorp by 58.2% during the first quarter. FJ Capital Management LLC now owns 392,408 shares of the company’s stock worth $8,201,000 after purchasing an additional 144,408 shares during the period. The Manufacturers Life Insurance Company raised its stake in Limestone Bancorp by 190.5% during the third quarter. The Manufacturers Life Insurance Company now owns 119,450 shares of the company’s stock worth $2,147,000 after purchasing an additional 78,333 shares during the period. Vanguard Group Inc. raised its stake in Limestone Bancorp by 60.2% during the first quarter. Vanguard Group Inc. now owns 180,468 shares of the company’s stock worth $3,772,000 after purchasing an additional 67,794 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Limestone Bancorp by 16.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 138,874 shares of the company’s stock worth $2,590,000 after purchasing an additional 19,424 shares during the period. Hedge funds and other institutional investors own 44.63% of the company’s stock.

Shares of NASDAQ LMST traded up $0.04 during trading on Thursday, hitting $20.20. The company had a trading volume of 2,519 shares, compared to its average volume of 7,358. The stock has a fifty day simple moving average of $21.02 and a two-hundred day simple moving average of $19.72. Limestone Bancorp has a fifty-two week low of $15.66 and a fifty-two week high of $23.69. The firm has a market capitalization of $133.76 million, a price-to-earnings ratio of 10.10 and a beta of 0.68. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.40.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Thursday, March 17th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%. Limestone Bancorp’s payout ratio is presently 10.00%.

Limestone Bancorp Company Profile (Get Rating)

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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