Philadelphia Trust Co. Takes Position in Porter Bancorp, Inc. (LMST)
Philadelphia Trust Co. acquired a new position in Porter Bancorp, Inc. (NASDAQ:LMST) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 67,115 shares of the company’s stock, valued at approximately $1,023,000. Philadelphia Trust Co. owned approximately 1.08% of Porter Bancorp as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in LMST. BlackRock Inc. acquired a new stake in Porter Bancorp during the second quarter worth about $184,000. PL Capital Advisors LLC bought a new position in Porter Bancorp during the 2nd quarter worth approximately $236,000. Finally, Maltese Capital Management LLC bought a new position in Porter Bancorp during the 2nd quarter worth approximately $395,000. 38.68% of the stock is currently owned by institutional investors and hedge funds.
LMST has been the subject of several analyst reports. ValuEngine lowered shares of Porter Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. TheStreet raised shares of Porter Bancorp from a “c” rating to a “b” rating in a research report on Tuesday, June 19th.
Porter Bancorp (NASDAQ:LMST) last issued its quarterly earnings data on Wednesday, July 18th. The company reported $0.27 earnings per share for the quarter. The business had revenue of $9.72 million for the quarter. Porter Bancorp had a return on equity of 10.09% and a net margin of 86.45%.
About Porter 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 checking, savings, and term certificate accounts, as well as money market accounts and fixed rate certificates.
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