NASDAQ:LMSTLimestone Bancorp Stock Price, Forecast & News

$11.25

+0.09 (+0.81 %)

(As of 06/3/2020 03:03 PM ET)

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Today's Range

$11.25

Now: $11.25▼

$11.42

50-Day Range

$11.38

MA: $12.22▼

$14.30

52-Week Range

$6.83

Now: $11.25▼

$18.49

Volume908 shs

Average Volume2,011 shs

Market Capitalization$70.54 million

P/E Ratio8.72

Dividend YieldN/A

Beta0.88

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. It also provides commercial loans for equipment purchases, working capital, and other financing needs of business enterprises; and commercial real estate loans that include loans on properties occupied by borrowers and tenants, as well as construction and development loans secured by land under development, or homes and commercial buildings under construction. In addition, the company offers residential real estate loans; consumer loans; agriculture loans secured by livestock, crops, and equipment; and other loans, including loans to municipalities, loans secured by stock, and overdrafts. Further, it provides drive-through banking facilities, automatic teller machines, personalized checks, credit and debit cards, electronic funds transfers through ACH services, domestic and foreign wire transfers, and loan and deposit sweep accounts; and night depository, Internet and mobile banking, treasury management, remote deposit, cash management, and vault services. The company primarily serves small to medium-sized businesses, and business owners and employees, as well as other executives and professionals. It operates 15 banking offices in 12 counties in Kentucky. The company was formerly known as Porter Bancorp, Inc. and changed its name to Limestone Bancorp, Inc. in May 2018. Limestone Bancorp, Inc. was founded in 1902 and is headquartered in Louisville, Kentucky.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Limestone Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.00, Limestone Bancorp has a potential upside of 60.0% from its current price of $11.25.
Amount of Analyst Coverage
Limestone Bancorp has only been the subject of 1 research reports in the past 90 days.

1.8 Community Rank

Outperform Votes
Limestone Bancorp has received 49 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Limestone Bancorp has received 85 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Limestone Bancorp has received 63.43% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Limestone Bancorp and other stocks. Vote “Outperform” if you believe LMST will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LMST will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Limestone Bancorp does not currently pay a dividend.
Dividend Growth
Limestone Bancorp does not have a long track record of dividend growth.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Limestone Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $328,600.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 15.40% of the stock of Limestone Bancorp is held by insiders.
Percentage Held by Institutions
35.29% of the stock of Limestone Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Limestone Bancorp are expected to decrease by -19.67% in the coming year, from $0.61 to $0.49 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Limestone Bancorp is 8.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Limestone Bancorp is 8.72, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.63.
Price to Book Value per Share Ratio
Limestone Bancorp has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.14 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:LMST

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.limestonebank.com

Phone502-499-4800

Debt

Debt-to-Equity Ratio0.84

Current Ratio0.92

Quick Ratio0.92

Price-To-Earnings

Trailing P/E Ratio8.72

Forward P/E Ratio18.44

P/E GrowthN/A

Sales & Book Value

Annual Sales$55.50 million

Price / Sales1.27

Cash Flow$2.14 per share

Price / Cash Flow5.25

Book Value$16.92 per share

Price / Book0.66

Profitability

EPS (Most Recent Fiscal Year)$1.44

Net Income$10.52 million

Net Margins16.69%

Return on Equity9.72%

Return on Assets0.85%

Miscellaneous

Employees214

Outstanding Shares6,270,000

Market Cap$70.54 million

Next Earnings Date7/22/2020 (Estimated)

OptionableNot Optionable

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Limestone Bancorp (NASDAQ:LMST) Frequently Asked Questions

How has Limestone Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Limestone Bancorp's stock was trading at $13.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LMST stock has decreased by 13.5% and is now trading at $11.25. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Limestone Bancorp?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Limestone Bancorp in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Limestone Bancorp.

When is Limestone Bancorp's next earnings date?

Limestone Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Limestone Bancorp.

How were Limestone Bancorp's earnings last quarter?

Limestone Bancorp Inc (NASDAQ:LMST) posted its quarterly earnings data on Thursday, April, 16th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by $0.03. The firm earned $11.49 million during the quarter, compared to analyst estimates of $10.95 million. Limestone Bancorp had a return on equity of 9.72% and a net margin of 16.69%. View Limestone Bancorp's earnings history.

What price target have analysts set for LMST?

2 Wall Street analysts have issued 12 month target prices for Limestone Bancorp's stock. Their forecasts range from $18.00 to $18.00. On average, they anticipate Limestone Bancorp's stock price to reach $18.00 in the next twelve months. This suggests a possible upside of 60.0% from the stock's current price. View analysts' price targets for Limestone Bancorp.

Has Limestone Bancorp been receiving favorable news coverage?

News coverage about LMST stock has been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Limestone Bancorp earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutLimestone Bancorp.

Are investors shorting Limestone Bancorp?

Limestone Bancorp saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 600 shares, a decline of 77.8% from the April 30th total of 2,700 shares. Based on an average trading volume of 7,600 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short. View Limestone Bancorp's Current Options Chain.

Who are some of Limestone Bancorp's key competitors?

Some companies that are related to Limestone Bancorp include Financial Institutions (FISI), Hanmi Financial (HAFC), Guaranty Bancshares (GNTY), American National BankShares (AMNB), Peoples Financial Services (PFIS), MBT Financial (MBTF), SmartFinancial (SMBK), First Bancorp (FNLC), Southern First Bancshares (SFST), DNB Financial (DNBF), National Bankshares (NKSH), MidSouth Bancorp (MSL), NexPoint Real Estate Finance (PFHD), LCNB (LCNB) and Ames National (ATLO). View all competitors.

What other stocks do shareholders of Limestone Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Limestone Bancorp investors own include Preferred Apartment Communities (APTS), BCE (BCE), Enbridge (ENB), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), General Mills (GIS), General Motors (GM), KeyCorp (KEY), Metlife (MET) and ONEOK (OKE).

Who are Limestone Bancorp's key executives?

Limestone Bancorp's management team includes the following people:

Mr. John T. Taylor, Pres, CEO & Director (Age 59)
Mr. Phillip W. Barnhouse Jr., CPA, Chief Financial Officer (Age 48)
Mr. John Redmon Davis, Chief Credit Officer & Exec. VP of Limestone Bank (Age 56)
Mr. Joseph C. Seiler, Head of Commercial Banking & Exec. VP of Limestone Bank (Age 52)
Ms. Stephanie Renner, Corp. Sec. (Age 43)

What is Limestone Bancorp's stock symbol?

Limestone Bancorp trades on the NASDAQ under the ticker symbol "LMST."

Who are Limestone Bancorp's major shareholders?

Limestone Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors include Patriot Financial Partners GP LP (4.65%), Alliancebernstein L.P. (4.01%), Fourthstone LLC (3.45%), RMB Capital Management LLC (2.84%), Mendon Capital Advisors Corp (0.56%) and ELCO Management Co. LLC (0.40%). Company insiders that own Limestone Bancorp stock include Jack Chester Jr Porter, James M Parsons, Jennifer Elizabeth Porter, John Redmon Davis, Joseph C Seiler, Kevin James Kooman, W Glenn Hogan and W Kirk Wycoff. View institutional ownership trends for Limestone Bancorp.

Which institutional investors are selling Limestone Bancorp stock?

LMST stock was sold by a variety of institutional investors in the last quarter, including RMB Capital Management LLC, BHZ Capital Management LP, and ELCO Management Co. LLC. Company insiders that have sold Limestone Bancorp company stock in the last year include Jack Chester Jr Porter, Jennifer Elizabeth Porter, John Redmon Davis, and Joseph C Seiler. View insider buying and selling activity for Limestone Bancorp.

Which institutional investors are buying Limestone Bancorp stock?

LMST stock was bought by a variety of institutional investors in the last quarter, including Fourthstone LLC, Patriot Financial Partners GP LP, Alliancebernstein L.P., and Mendon Capital Advisors Corp. Company insiders that have bought Limestone Bancorp stock in the last two years include James M Parsons, Kevin James Kooman, W Glenn Hogan, and W Kirk Wycoff. View insider buying and selling activity for Limestone Bancorp.

How do I buy shares of Limestone Bancorp?

Shares of LMST can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Limestone Bancorp's stock price today?

One share of LMST stock can currently be purchased for approximately $11.25.

How big of a company is Limestone Bancorp?

Limestone Bancorp has a market capitalization of $70.54 million and generates $55.50 million in revenue each year. The company earns $10.52 million in net income (profit) each year or $1.44 on an earnings per share basis. Limestone Bancorp employs 214 workers across the globe.

What is Limestone Bancorp's official website?

The official website for Limestone Bancorp is www.limestonebank.com.

How can I contact Limestone Bancorp?

Limestone Bancorp's mailing address is 2500 EASTPOINT PARKWAY, LOUISVILLE KY, 40223. The company can be reached via phone at 502-499-4800.

This page was last updated on 6/3/2020 by MarketBeat.com Staff