$0.39 EPS Expected for Limestone Bancorp, Inc. (NASDAQ:LMST) This Quarter

Wall Street analysts expect Limestone Bancorp, Inc. (NASDAQ:LMST – Get Rating) to announce earnings per share (EPS) of $0.39 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Limestone Bancorp’s earnings, with estimates ranging from $0.38 to $0.40. Limestone Bancorp reported earnings per share of $0.51 during the same quarter last year, which would suggest a negative year-over-year growth rate of 23.5%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Limestone Bancorp will report full year earnings of $1.61 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.66. For the next financial year, analysts expect that the business will post earnings of $1.68 per share, with EPS estimates ranging from $1.63 to $1.73. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Limestone Bancorp.

Limestone Bancorp (NASDAQ:LMST – Get Rating) last released its quarterly earnings data on Wednesday, April 20th. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.08. Limestone Bancorp had a net margin of 25.55% and a return on equity of 11.85%.

A number of equities analysts recently issued reports on LMST shares. Raymond James increased their target price on shares of Limestone Bancorp from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, January 24th. Zacks Investment Research lowered shares of Limestone Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, March 29th.

Large investors have recently bought and sold shares of the company. State Street Corp bought a new position in shares of Limestone Bancorp during the 4th quarter valued at about $194,000. BlackRock Inc. boosted its holdings in shares of Limestone Bancorp by 728.8% in the third quarter. BlackRock Inc. now owns 13,758 shares of the company’s stock worth $247,000 after buying an additional 12,098 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Limestone Bancorp by 16.5% in the third quarter. Geode Capital Management LLC now owns 26,980 shares of the company’s stock worth $484,000 after buying an additional 3,814 shares during the period. River Oaks Capital LLC acquired a new position in shares of Limestone Bancorp in the fourth quarter worth about $589,000. Finally, BHZ Capital Management LP boosted its holdings in shares of Limestone Bancorp by 4.2% in the third quarter. BHZ Capital Management LP now owns 54,224 shares of the company’s stock worth $974,000 after buying an additional 2,200 shares during the period. Institutional investors own 42.85% of the company’s stock.

LMST stock opened at $20.53 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.31. Limestone Bancorp has a fifty-two week low of $15.40 and a fifty-two week high of $23.69. The firm’s 50-day simple moving average is $20.30 and its 200 day simple moving average is $19.38. The stock has a market cap of $135.85 million, a PE ratio of 10.47 and a beta of 0.74.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Thursday, March 17th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, March 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.97%. Limestone Bancorp’s dividend payout ratio (DPR) is 10.20%.

Limestone Bancorp Company Profile (Get Rating)

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 savings, interest checking, and money market accounts, as well as fixed rate certificates with varying maturities.

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