Equities analysts predict that Limestone Bancorp, Inc. (NASDAQ:LMST) will post sales of $12.30 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Limestone Bancorp’s earnings, with the lowest sales estimate coming in at $12.00 million and the highest estimate coming in at $12.60 million. Limestone Bancorp posted sales of $12.56 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, January 19th.
According to Zacks, analysts expect that Limestone Bancorp will report full-year sales of $52.10 million for the current financial year, with estimates ranging from $52.00 million to $52.20 million. For the next financial year, analysts expect that the business will post sales of $49.55 million, with estimates ranging from $49.00 million to $50.10 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 posted its quarterly earnings data on Tuesday, October 19th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.15. Limestone Bancorp had a net margin of 24.95% and a return on equity of 11.95%. The firm had revenue of $14.06 million for the quarter, compared to analyst estimates of $12.90 million.
Limestone Bancorp stock remained flat at $$19.62 during midday trading on Friday. The company’s stock had a trading volume of 56 shares, compared to its average volume of 1,722. Limestone Bancorp has a 12 month low of $12.43 and a 12 month high of $20.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $18.89 and its 200 day simple moving average is $17.90. The company has a market capitalization of $129.49 million, a price-to-earnings ratio of 10.17 and a beta of 0.71.
Several large investors have recently added to or reduced their stakes in LMST. FJ Capital Management LLC raised its stake in shares of Limestone Bancorp by 91.1% during the 3rd quarter. FJ Capital Management LLC now owns 214,000 shares of the company’s stock worth $3,842,000 after buying an additional 102,000 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Limestone Bancorp by 190.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 119,450 shares of the company’s stock worth $2,147,000 after buying an additional 78,333 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Limestone Bancorp during the 2nd quarter worth $1,161,000. Boothbay Fund Management LLC acquired a new position in shares of Limestone Bancorp during the 2nd quarter worth $729,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Limestone Bancorp during the 2nd quarter worth $684,000. 42.37% of the stock is owned by institutional investors and hedge funds.
Limestone Bancorp Company Profile
Limestone Bancorp, Inc operates as a bank holding company, which engages in the provision of community bank with commercial and personal banking products. The firm includes wealth management and trust services, and an innovative on-line bank which delivers competitive deposit products and services through an on-line banking division operating under the name of Ascencia.
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