Lake Shore Bancorp (NASDAQ:LSBK) Trading Up 1.4% – Here’s What Happened

Lake Shore Bancorp, Inc. (NASDAQ:LSBK)’s stock price traded up 1.4% during trading on Wednesday . The company traded as high as $15.64 and last traded at $15.61. 7,231 shares changed hands during trading, a decline of 52% from the average session volume of 15,000 shares. The stock had previously closed at $15.40.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lake Shore Bancorp in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Lake Shore Bancorp Trading Up 1.4%

The business has a 50-day moving average price of $15.37 and a two-hundred day moving average price of $14.61. The firm has a market capitalization of $122.38 million, a price-to-earnings ratio of 14.72 and a beta of 0.31.

Lake Shore Bancorp (NASDAQ:LSBK) last announced its quarterly earnings results on Wednesday, January 21st. The savings and loans company reported $0.26 earnings per share for the quarter. The business had revenue of $7.30 million for the quarter. Lake Shore Bancorp had a return on equity of 6.26% and a net margin of 18.38%.

Lake Shore Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Monday, February 2nd were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, February 2nd. Lake Shore Bancorp’s dividend payout ratio (DPR) is currently 33.96%.

Institutional Trading of Lake Shore Bancorp

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in Lake Shore Bancorp by 35.0% in the 3rd quarter. Bank of America Corp DE now owns 6,102 shares of the savings and loans company’s stock valued at $79,000 after acquiring an additional 1,581 shares during the period. Bridgeway Capital Management LLC acquired a new stake in Lake Shore Bancorp in the 3rd quarter valued at approximately $145,000. Citadel Advisors LLC acquired a new stake in Lake Shore Bancorp in the 3rd quarter valued at approximately $185,000. Round Hill Asset Management acquired a new stake in Lake Shore Bancorp in the 3rd quarter valued at approximately $204,000. Finally, Susquehanna International Group LLP increased its position in Lake Shore Bancorp by 26.7% in the 3rd quarter. Susquehanna International Group LLP now owns 18,960 shares of the savings and loans company’s stock valued at $246,000 after acquiring an additional 3,998 shares during the period. 8.75% of the stock is currently owned by institutional investors and hedge funds.

Lake Shore Bancorp Company Profile

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.