Lake Shore Bancorp (NASDAQ:LSBK) Raised to Hold at Wall Street Zen

Lake Shore Bancorp (NASDAQ:LSBK) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Lake Shore Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Lake Shore Bancorp Stock Performance

LSBK opened at $18.38 on Friday. Lake Shore Bancorp has a 52-week low of $12.50 and a 52-week high of $19.09. The firm has a market capitalization of $144.28 million, a PE ratio of 16.27 and a beta of 0.30. The business’s 50-day simple moving average is $17.57 and its 200 day simple moving average is $16.59.

Lake Shore Bancorp (NASDAQ:LSBK) last posted its quarterly earnings results on Wednesday, July 22nd. The savings and loans company reported $0.29 earnings per share for the quarter. The firm had revenue of $7.64 million during the quarter. Lake Shore Bancorp had a return on equity of 5.91% and a net margin of 20.74%.

Hedge Funds Weigh In On Lake Shore Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Lake Shore Bancorp in the second quarter valued at approximately $525,000. HBK Sorce Advisory LLC acquired a new stake in shares of Lake Shore Bancorp in the second quarter valued at approximately $1,454,000. Marquette Asset Management LLC acquired a new stake in shares of Lake Shore Bancorp in the second quarter valued at approximately $172,000. Royal Bank of Canada bought a new position in shares of Lake Shore Bancorp during the 1st quarter worth approximately $63,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Lake Shore Bancorp by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 45,709 shares of the savings and loans company’s stock worth $694,000 after acquiring an additional 650 shares during the period. Institutional investors own 8.75% of the company’s stock.

About Lake Shore Bancorp

Lake Shore Bancorp, Inc is the holding company for Lake Shore Savings Bank, a community-oriented financial institution headquartered in Dunkirk, New York. The bank serves individuals, families, businesses and organizations primarily in western New York, including Chautauqua and Erie counties.

Lake Shore Savings Bank offers a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, residential mortgages, home equity loans, consumer lending and commercial loans.