Lake Shore Bancorp, Inc. (LSBK) to Issue Quarterly Dividend of $0.09 on May 13th

Lake Shore Bancorp, Inc. (NASDAQ:LSBK) announced a quarterly dividend on Wednesday, April 22nd. Investors of record on Monday, May 4th will be paid a dividend of 0.09 per share by the savings and loans company on Wednesday, May 13th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, May 4th.

Lake Shore Bancorp has decreased its dividend by an average of 0.0%per year over the last three years.

Lake Shore Bancorp Stock Performance

Shares of NASDAQ:LSBK traded up $0.06 during mid-day trading on Friday, hitting $15.98. The stock had a trading volume of 1,723 shares, compared to its average volume of 5,385. The company has a market cap of $125.60 million, a PE ratio of 13.54 and a beta of 0.32. Lake Shore Bancorp has a 12-month low of $10.92 and a 12-month high of $16.28. The company’s 50 day moving average is $15.47 and its 200-day moving average is $14.91.

Lake Shore Bancorp (NASDAQ:LSBK) last issued its quarterly earnings results on Wednesday, April 22nd. The savings and loans company reported $0.26 EPS for the quarter. The business had revenue of $7.36 million during the quarter. Lake Shore Bancorp had a net margin of 20.23% and a return on equity of 6.53%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LSBK. Courier Capital LLC increased its stake in Lake Shore Bancorp by 36.4% in the 3rd quarter. Courier Capital LLC now owns 25,667 shares of the savings and loans company’s stock valued at $334,000 after buying an additional 6,854 shares during the period. Graham Capital Wealth Management LLC acquired a new position in Lake Shore Bancorp in the 3rd quarter valued at approximately $988,000. Oppenheimer & Close LLC acquired a new position in Lake Shore Bancorp in the 3rd quarter valued at approximately $2,340,000. Peapod Lane Capital LLC acquired a new position in Lake Shore Bancorp in the 3rd quarter valued at approximately $890,000. Finally, Round Hill Asset Management acquired a new position in Lake Shore Bancorp in the 3rd quarter valued at approximately $204,000. Institutional investors and hedge funds own 8.75% of the company’s stock.

About Lake Shore Bancorp

Lake Shore Bancorp, Inc operates as a savings and loan holding company for Lake Shore Servings Bank. It offers personal services such as checking, savings, lending, banking, debit card, e-services, and online banking; and business services including deposit products, commercial loans, and business e-statements. The company was founded in 2006 and is headquartered in Dunkirk, NY.