Lake Shore Bancorp (NASDAQ:LSBK) Issues Earnings Results

Lake Shore Bancorp (NASDAQ:LSBK) posted its quarterly earnings results on Wednesday. The savings and loans company reported $0.26 earnings per share for the quarter, Zacks reports. Lake Shore Bancorp had a return on equity of 6.53% and a net margin of 20.23%.The business had revenue of $7.36 million for the quarter.

Lake Shore Bancorp Price Performance

NASDAQ LSBK opened at $15.85 on Friday. The business has a fifty day moving average price of $15.43 and a two-hundred day moving average price of $14.80. Lake Shore Bancorp has a fifty-two week low of $10.72 and a fifty-two week high of $15.97. The stock has a market capitalization of $124.63 million, a PE ratio of 13.43 and a beta of 0.31.

Institutional Investors Weigh In On Lake Shore Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in LSBK. Bank of America Corp DE lifted its stake in Lake Shore Bancorp by 35.0% during the third quarter. Bank of America Corp DE now owns 6,102 shares of the savings and loans company’s stock worth $79,000 after purchasing an additional 1,581 shares during the last quarter. Bridgeway Capital Management LLC acquired a new position in Lake Shore Bancorp during the third quarter worth about $145,000. Citadel Advisors LLC acquired a new position in Lake Shore Bancorp during the third quarter worth about $185,000. Susquehanna International Group LLP raised its stake in 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Lake Shore Bancorp by 35.4% during the third quarter. Dimensional Fund Advisors LP now owns 44,953 shares of the savings and loans company’s stock worth $584,000 after acquiring an additional 11,763 shares in the last quarter. 8.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Lake Shore Bancorp in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

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.