Lake Shore Bancorp, Inc. (NASDAQ:LSBK) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 4,500 shares, a decrease of 33.8% from the September 15th total of 6,800 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 3,400 shares, the short-interest ratio is currently 1.3 days.
Shares of NASDAQ LSBK traded down $0.06 during mid-day trading on Monday, reaching $14.94. The company had a trading volume of 2,900 shares, compared to its average volume of 3,263. Lake Shore Bancorp has a twelve month low of $14.25 and a twelve month high of $16.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $88.63 million, a PE ratio of 22.92 and a beta of 0.06. The stock’s 50 day moving average is $14.95 and its 200-day moving average is $14.97.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Wednesday, November 6th.
An institutional investor recently raised its position in Lake Shore Bancorp stock. HBK Sorce Advisory LLC lifted its stake in Lake Shore Bancorp, Inc. (NASDAQ:LSBK) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,103 shares of the savings and loans company’s stock after acquiring an additional 2,362 shares during the quarter. HBK Sorce Advisory LLC owned approximately 1.11% of Lake Shore Bancorp worth $988,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 10.98% of the company’s stock.
Lake Shore Bancorp Company Profile
Lake Shore Bancorp, Inc operates as the savings and loan holding company for Lake Shore Savings Bank that provides retail and commercial banking products and services. It accepts various deposit products, such as regular savings deposits, including Christmas Club, passbook, and statement savings accounts; money market savings and checking accounts; interest bearing and non-interest bearing checking accounts comprising demand deposits; health savings accounts; retirement accounts; time deposits; interest on lawyer accounts; and accounts for individuals, as well as commercial savings, checking, and money market accounts for businesses.
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