Lake Shore Bancorp (NASDAQ:LSBK) Announces Earnings Results

Lake Shore Bancorp (NASDAQ:LSBK) announced its 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 net margin of 18.38% and a return on equity of 6.26%.

Lake Shore Bancorp Price Performance

NASDAQ LSBK traded down $0.01 during mid-day trading on Wednesday, reaching $15.94. 2,067 shares of the stock were exchanged, compared to its average volume of 8,990. Lake Shore Bancorp has a one year low of $10.69 and a one year high of $15.97. The stock has a 50 day simple moving average of $15.42 and a 200-day simple moving average of $14.79. The stock has a market cap of $125.29 million, a P/E ratio of 15.03 and a beta of 0.31.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Lake Shore Bancorp in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Lake Shore Bancorp presently has an average rating of “Hold”.

Institutional Investors Weigh In On Lake Shore Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of LSBK. Bank of America Corp DE increased its stake in 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 bought a new stake in Lake Shore Bancorp in the third quarter valued at $145,000. Citadel Advisors LLC bought a new stake in Lake Shore Bancorp in the third quarter valued at $185,000. Susquehanna International Group LLP increased its stake in Lake Shore Bancorp by 26.7% in the third quarter. Susquehanna International Group LLP now owns 18,960 shares of the savings and loans company’s stock valued at $246,000 after purchasing an additional 3,998 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Lake Shore Bancorp by 35.4% in the third quarter. Dimensional Fund Advisors LP now owns 44,953 shares of the savings and loans company’s stock valued at $584,000 after purchasing an additional 11,763 shares in the last quarter. 8.75% of the stock is owned by institutional investors.

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.