Limestone Bancorp, Inc. (NASDAQ:LMST) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. grew its holdings in Limestone Bancorp, Inc. (NASDAQ:LMST) by 2.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 184,451 shares of the company’s stock after buying an additional 4,097 shares during the quarter. Alliancebernstein L.P.’s holdings in Limestone Bancorp were worth $2,924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MCF Advisors LLC lifted its holdings in shares of Limestone Bancorp by 100.0% in the 4th quarter. MCF Advisors LLC now owns 2,000 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares during the period. Valeo Financial Advisors LLC acquired a new stake in shares of Limestone Bancorp in the 1st quarter valued at approximately $32,000. Wells Fargo & Company MN lifted its holdings in shares of Limestone Bancorp by 16.2% in the 4th quarter. Wells Fargo & Company MN now owns 7,288 shares of the company’s stock valued at $91,000 after buying an additional 1,018 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Limestone Bancorp by 190.1% in the 4th quarter. JPMorgan Chase & Co. now owns 14,937 shares of the company’s stock valued at $188,000 after buying an additional 9,788 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Limestone Bancorp by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 15,170 shares of the company’s stock valued at $190,000 after buying an additional 1,355 shares during the period. 39.99% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently commented on LMST. Raymond James raised their price target on Limestone Bancorp from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, June 3rd. Zacks Investment Research raised Limestone Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, April 29th.

Shares of LMST stock opened at $16.27 on Friday. The business’s fifty day moving average price is $15.84. The firm has a market capitalization of $107.30 million, a PE ratio of 11.71 and a beta of 0.83. Limestone Bancorp, Inc. has a 1 year low of $9.82 and a 1 year high of $17.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 0.88.

Limestone Bancorp (NASDAQ:LMST) last issued its quarterly earnings data on Tuesday, April 20th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.12. Limestone Bancorp had a return on equity of 9.09% and a net margin of 18.31%. As a group, sell-side analysts anticipate that Limestone Bancorp, Inc. will post 1.63 EPS for the current year.

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

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Institutional Ownership by Quarter for Limestone Bancorp (NASDAQ:LMST)

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