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

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 Price Performance

The business has a 50 day simple moving average of $15.53 and a 200 day simple moving average of $15.11. The company has a market capitalization of $124.03 million, a price-to-earnings ratio of 13.37 and a beta of 0.32.

Lake Shore Bancorp (NASDAQ:LSBK) last issued its quarterly earnings data on Wednesday, April 22nd. The savings and loans company reported $0.26 earnings per share for the quarter. The business had revenue of $7.36 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Monday, May 4th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, May 4th. Lake Shore Bancorp’s payout ratio is currently 30.51%.

Institutional Trading of Lake Shore Bancorp

Several hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in shares of Lake Shore Bancorp by 35.0% in the third quarter. Bank of America Corp DE now owns 6,102 shares of the savings and loans company’s stock valued at $79,000 after purchasing an additional 1,581 shares in the last quarter. Bridgeway Capital Management LLC purchased a new position in Lake Shore Bancorp in the 3rd quarter valued at approximately $145,000. Citadel Advisors LLC acquired a new position in shares of Lake Shore Bancorp in the third quarter worth $185,000. Round Hill Asset Management acquired a new position in shares of Lake Shore Bancorp in the third quarter worth $204,000. Finally, Susquehanna International Group LLP increased its position in shares of Lake Shore Bancorp by 26.7% during the third quarter. Susquehanna International Group LLP now owns 18,960 shares of the savings and loans company’s stock worth $246,000 after acquiring an additional 3,998 shares during the period. Institutional investors and hedge funds 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.