Lake Shore Bancorp (NASDAQ:LSBK) Issues Earnings Results

Lake Shore Bancorp (NASDAQ:LSBK) posted its quarterly earnings results on Wednesday. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $7.64 million during the quarter. Lake Shore Bancorp had a return on equity of 6.30% and a net margin of 20.23%.

Lake Shore Bancorp Stock Up 0.5%

Shares of LSBK opened at $17.01 on Thursday. The firm has a market cap of $133.70 million, a price-to-earnings ratio of 14.42 and a beta of 0.28. The business’s 50 day moving average is $16.45 and its two-hundred day moving average is $15.80. Lake Shore Bancorp has a 52-week low of $11.96 and a 52-week high of $17.96.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Lake Shore Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Trading of Lake Shore Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada bought a new position in Lake Shore Bancorp during the 1st quarter valued at $63,000. Bank of America Corp DE increased its position in shares of 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 worth $79,000 after purchasing an additional 1,581 shares during the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of Lake Shore Bancorp in the 3rd quarter valued at about $145,000. Marquette Asset Management LLC acquired a new stake in shares of Lake Shore Bancorp in the 2nd quarter valued at about $172,000. Finally, Citadel Advisors LLC bought a new position in shares of Lake Shore Bancorp during the third quarter worth about $185,000. Institutional investors 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.