Equities research analysts expect Limestone Bancorp, Inc. (NASDAQ:LMST) to announce sales of $11.80 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Limestone Bancorp’s earnings. The lowest sales estimate is $11.60 million and the highest is $12.00 million. Limestone Bancorp reported sales of $10.52 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.2%. The company is expected to announce its next quarterly earnings report on Wednesday, January 27th.
On average, analysts expect that Limestone Bancorp will report full-year sales of $46.75 million for the current fiscal year, with estimates ranging from $46.50 million to $47.00 million. For the next fiscal year, analysts expect that the business will report sales of $47.15 million, with estimates ranging from $47.00 million to $47.30 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Limestone Bancorp.
Limestone Bancorp (NASDAQ:LMST) last issued its earnings results on Wednesday, October 21st. The company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.14. Limestone Bancorp had a return on equity of 7.64% and a net margin of 13.33%. The business had revenue of $11.69 million during the quarter, compared to analysts’ expectations of $11.85 million.
A number of analysts have weighed in on the company. Zacks Investment Research cut Limestone Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 25th. ValuEngine upgraded Limestone Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, December 3rd.
Limestone Bancorp stock traded down $0.15 during midday trading on Friday, reaching $12.50. The company’s stock had a trading volume of 341 shares, compared to its average volume of 16,360. Limestone Bancorp has a fifty-two week low of $6.83 and a fifty-two week high of $17.47. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.46. The company has a market cap of $81.25 million, a P/E ratio of 12.28 and a beta of 0.88. The business has a 50-day simple moving average of $13.17 and a 200-day simple moving average of $11.60.
Several hedge funds have recently modified their holdings of the company. UBS Group AG raised its holdings in shares of Limestone Bancorp by 913.0% during the 2nd quarter. UBS Group AG now owns 6,007 shares of the company’s stock valued at $79,000 after purchasing an additional 5,414 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Limestone Bancorp in the 2nd quarter valued at approximately $96,000. Bank of New York Mellon Corp acquired a new stake in shares of Limestone Bancorp in the 2nd quarter valued at approximately $182,000. American International Group Inc. acquired a new stake in shares of Limestone Bancorp in the 2nd quarter valued at approximately $41,000. Finally, Bank of America Corp DE boosted its stake in shares of Limestone Bancorp by 411.0% in the 2nd quarter. Bank of America Corp DE now owns 8,181 shares of the company’s stock valued at $108,000 after purchasing an additional 6,580 shares in the last quarter. 33.22% of the stock is currently owned by institutional investors and hedge funds.
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 checking, savings, and term certificate accounts, as well as money market accounts and fixed rate certificates.
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