Lake Shore Bancorp (NASDAQ:LSBK) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Lake Shore Bancorp, Inc. (NASDAQ:LSBK) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.11 and traded as high as $15.78. Lake Shore Bancorp shares last traded at $15.78, with a volume of 3,201 shares changing hands.

Lake Shore Bancorp Stock Performance

The company has a market capitalization of $124.03 million, a P/E ratio of 13.37 and a beta of 0.32. The firm has a 50 day moving average price of $15.53 and a two-hundred day moving average price of $15.11.

Lake Shore Bancorp (NASDAQ:LSBK) last released 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 for the quarter. Lake Shore Bancorp had a return on equity of 6.30% and a net margin of 20.23%.

Lake Shore Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Monday, May 4th were given a dividend of $0.09 per share. The ex-dividend date was Monday, May 4th. This represents a $0.36 dividend on an annualized basis and a yield of 2.3%. Lake Shore Bancorp’s dividend payout ratio is 30.51%.

Institutional Investors Weigh In On Lake Shore Bancorp

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its position in Lake Shore Bancorp by 22.6% in the 4th quarter. Renaissance Technologies LLC now owns 70,041 shares of the savings and loans company’s stock valued at $1,027,000 after buying an additional 12,900 shares during the last quarter. Oppenheimer & Close LLC bought a new position in Lake Shore Bancorp in the 3rd quarter valued at $2,340,000. Alliancebernstein L.P. bought a new position in Lake Shore Bancorp in the 3rd quarter valued at $4,282,000. Dimensional Fund Advisors LP boosted its position in Lake Shore Bancorp by 35.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 44,953 shares of the savings and loans company’s stock valued at $584,000 after buying an additional 11,763 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in Lake Shore Bancorp in the 3rd quarter valued at $185,000. 8.75% of the stock is currently owned by institutional investors.

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.