Limestone Bancorp (NASDAQ:LMST) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Limestone Bancorp (NASDAQ:LMST) from a hold rating to a buy rating in a report released on Saturday morning, Zacks.com reports. Zacks Investment Research currently has $17.00 target price on the stock.
According to Zacks, “Limestone Bancorp, Inc. provides banking services. It offers checking and saving accounts, lines of credit, credit and debit cards, online banking, agricultural lending and treasury management services. Limestone Bancorp Inc., formerly known as Porter Bancorp Inc., is based in Louisville, Kentucky. “
Separately, ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd.
Limestone Bancorp (NASDAQ:LMST) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $10.24 million during the quarter, compared to analysts’ expectations of $10.18 million. Limestone Bancorp had a net margin of 21.28% and a return on equity of 11.94%. As a group, sell-side analysts anticipate that Limestone Bancorp will post 1.31 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of LMST. Meridian Wealth Management LLC acquired a new position in shares of Limestone Bancorp during the first quarter valued at about $33,000. Legacy Advisors LLC acquired a new position in shares of Limestone Bancorp during the first quarter valued at about $49,000. Context BH Capital Management LP acquired a new position in shares of Limestone Bancorp during the first quarter valued at about $227,000. Dimensional Fund Advisors LP grew its holdings in shares of Limestone Bancorp by 88.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,229 shares of the company’s stock valued at $278,000 after buying an additional 9,485 shares during the last quarter. Finally, Eidelman Virant Capital grew its holdings in shares of Limestone Bancorp by 7.2% during the second quarter. Eidelman Virant Capital now owns 142,132 shares of the company’s stock valued at $2,167,000 after buying an additional 9,503 shares during the last quarter. Hedge funds and other institutional investors 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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