Lake Shore Bancorp (NASDAQ:LSBK) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Lake Shore Bancorp, Inc. (NASDAQ:LSBK)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.35 and traded as high as $18.55. Lake Shore Bancorp shares last traded at $17.73, with a volume of 32,854 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Lake Shore Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Lake Shore Bancorp Stock Performance

The stock’s fifty day simple moving average is $17.31 and its two-hundred day simple moving average is $16.37. The company has a market cap of $142.56 million, a price-to-earnings ratio of 16.07 and a beta of 0.29.

Lake Shore Bancorp (NASDAQ:LSBK) last released its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $0.29 EPS for the quarter. Lake Shore Bancorp had a return on equity of 5.91% and a net margin of 20.74%.The business had revenue of $7.64 million during the quarter.

Lake Shore Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.09 per share. The ex-dividend date was Monday, August 3rd. This represents a $0.36 annualized dividend and a yield of 2.0%. Lake Shore Bancorp’s dividend payout ratio is currently 31.86%.

Hedge Funds Weigh In On Lake Shore Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Lake Shore Bancorp during the 2nd quarter worth about $525,000. HBK Sorce Advisory LLC purchased a new position in Lake Shore Bancorp in the second quarter valued at approximately $1,454,000. Marquette Asset Management LLC acquired a new position in Lake Shore Bancorp during the second quarter valued at approximately $172,000. Royal Bank of Canada acquired a new position in Lake Shore Bancorp during the first quarter valued at approximately $63,000. Finally, Dimensional Fund Advisors LP grew its stake in Lake Shore Bancorp by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 45,709 shares of the savings and loans company’s stock worth $694,000 after buying an additional 650 shares during the period. 8.75% of the stock is owned by institutional investors and hedge funds.

About Lake Shore Bancorp

Lake Shore Bancorp, Inc is the holding company for Lake Shore Savings Bank, a community-oriented financial institution headquartered in Dunkirk, New York. The bank serves individuals, families, businesses and organizations primarily in western New York, including Chautauqua and Erie counties.

Lake Shore Savings Bank offers a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, residential mortgages, home equity loans, consumer lending and commercial loans.