Lake Shore Bancorp (NASDAQ:LSBK) Stock Lifted to Hold by Wall Street Zen

Wall Street Zen upgraded shares of Lake Shore Bancorp (NASDAQ:LSBK) to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Lake Shore Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Lake Shore Bancorp Price Performance

Shares of NASDAQ LSBK opened at $18.38 on Friday. The stock has a market capitalization of $144.28 million, a P/E ratio of 16.27 and a beta of 0.30. Lake Shore Bancorp has a one year low of $12.50 and a one year high of $19.09. The firm’s 50 day simple moving average is $17.57 and its two-hundred day simple moving average is $16.58.

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

Lake Shore Bancorp Dividend Announcement

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

Institutional Trading of Lake Shore Bancorp

A number of institutional investors have recently made changes to their positions in LSBK. BlackRock Inc. purchased a new stake in shares of Lake Shore Bancorp during the second quarter worth about $525,000. HBK Sorce Advisory LLC purchased a new stake in Lake Shore Bancorp in the second quarter worth $1,454,000. Marquette Asset Management LLC purchased a new stake in shares of Lake Shore Bancorp in the 2nd quarter worth about $172,000. Royal Bank of Canada purchased a new stake in Lake Shore Bancorp in the first quarter worth about $63,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 valued at $694,000 after purchasing an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 8.75% of the company’s stock.

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.