Alert: Major Price Advance (1/6/21)-Limestone Bancorp Inc (NASDAQ: LMST).

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On 1/6/21, Limestone Bancorp Inc (NASDAQ: LMST) stock enjoyed a major increase of 14.2%, closing at $13.87. Moreover, trading volume in this advance was above average at 129% of normal. The stock has been weak relative to the market over the last nine months but has risen 6.6% during the last week.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to fall short of the cost of capital, LMST is expected to be a Value Eraser.

Limestone Bancorp has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Limestone Bancorp has a neutral Appreciation Score of 50 but a poor Power Rating of 21, with the Negative Value Trend Rating the result.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

About John Lafferty 92875 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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