Lake Shore Bancorp, Inc. (NASDAQ:LSBK) Declares $0.09 Quarterly Dividend

Lake Shore Bancorp, Inc. (NASDAQ:LSBK) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 3rd will be given a dividend of 0.09 per share by the savings and loans company on Wednesday, August 12th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, August 3rd.

Lake Shore Bancorp has decreased its dividend payment by an average of 0.0%per year over the last three years.

Lake Shore Bancorp Trading Up 1.1%

Shares of LSBK traded up $0.18 during trading hours on Friday, reaching $17.20. The company had a trading volume of 41,475 shares, compared to its average volume of 9,242. The firm has a 50 day simple moving average of $16.47 and a 200-day simple moving average of $15.81. The company has a market capitalization of $135.19 million, a price-to-earnings ratio of 15.22 and a beta of 0.28. Lake Shore Bancorp has a 12-month low of $12.00 and a 12-month high of $17.96.

Lake Shore Bancorp (NASDAQ:LSBK) last announced its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $0.29 EPS for the quarter. The firm had revenue of $7.64 million during the quarter. Lake Shore Bancorp had a net margin of 20.74% and a return on equity of 5.95%.

Wall Street Analyst Weigh In

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

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.