Limestone Bancorp Inc (NASDAQ:LMST) Short Interest Update

Limestone Bancorp Inc (NASDAQ:LMST) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 5,800 shares, a growth of 262.5% from the May 30th total of 1,600 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 3,100 shares, the days-to-cover ratio is currently 1.9 days.

A number of equities analysts have recently weighed in on LMST shares. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research raised Iterum Therapeutics from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Thursday, March 28th.

Several large investors have recently modified their holdings of LMST. Dimensional Fund Advisors LP raised its position 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 worth $278,000 after purchasing an additional 9,485 shares during the period. Legacy Advisors LLC bought a new stake in Limestone Bancorp during the first quarter worth $49,000. Context BH Capital Management LP bought a new stake in Limestone Bancorp during the first quarter worth $227,000. Finally, Meridian Wealth Management LLC bought a new stake in Limestone Bancorp during the first quarter worth $33,000. 26.73% of the stock is currently owned by institutional investors.

Shares of NASDAQ:LMST opened at $15.06 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.89 and a quick ratio of 0.89. Limestone Bancorp has a twelve month low of $11.91 and a twelve month high of $17.65. The stock’s 50 day moving average price is $15.10. The firm has a market capitalization of $94.05 million, a price-to-earnings ratio of 12.24 and a beta of 0.20.

Limestone Bancorp (NASDAQ:LMST) last issued its earnings results on Wednesday, April 24th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Limestone Bancorp had a return on equity of 10.31% and a net margin of 18.85%. The company had revenue of $10.24 million for the quarter, compared to analyst estimates of $10.18 million. As a group, research analysts anticipate that Limestone Bancorp will post 1.31 EPS for the current year.

Limestone Bancorp Company Profile

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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