Limestone Bancorp Inc (NASDAQ:LMST) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 2,700 shares, a drop of 53.4% from the June 15th total of 5,800 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 3,300 shares, the short-interest ratio is currently 0.8 days.

NASDAQ LMST traded up $0.05 on Friday, reaching $15.16. 12,209 shares of the company’s stock traded hands, compared to its average volume of 1,915. Limestone Bancorp has a 12 month low of $11.91 and a 12 month high of $16.59. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $15.11. The firm has a market cap of $94.30 million, a PE ratio of 12.33 and a beta of 0.20.

Limestone Bancorp (NASDAQ:LMST) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Limestone Bancorp had a net margin of 21.28% and a return on equity of 11.94%. The business had revenue of $10.24 million for the quarter, compared to analysts’ expectations of $10.18 million. On average, equities analysts predict that Limestone Bancorp will post 1.31 EPS for the current fiscal year.

A number of research analysts have commented on LMST shares. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research cut shares of ZEALAND PHARMA/S from a “buy” rating to a “hold” rating in a research report on Saturday.

A number of hedge funds and other institutional investors have recently modified their holdings of LMST. Meridian Wealth Management LLC bought a new position in shares of Limestone Bancorp in the first quarter worth approximately $33,000. Legacy Advisors LLC bought a new position in shares of Limestone Bancorp in the first quarter worth approximately $49,000. Context BH Capital Management LP bought a new position in shares of Limestone Bancorp in the first quarter worth approximately $227,000. Dimensional Fund Advisors LP grew its holdings in shares of Limestone Bancorp by 88.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 20,229 shares of the company’s stock worth $278,000 after purchasing an additional 9,485 shares during the last quarter. Finally, Eidelman Virant Capital grew its holdings in shares of Limestone Bancorp by 7.2% in the second quarter. Eidelman Virant Capital now owns 142,132 shares of the company’s stock worth $2,167,000 after purchasing an additional 9,503 shares during the last quarter. Institutional investors and hedge funds own 26.73% of the company’s stock.

About Limestone 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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