Lake Shore Bancorp (NASDAQ:LSBK – Get Free Report) issued its quarterly earnings data on Wednesday. The savings and loans company reported $0.31 EPS for the quarter, FiscalAI reports. The business had revenue of $7.93 million for the quarter. Lake Shore Bancorp had a net margin of 20.74% and a return on equity of 5.91%.
Lake Shore Bancorp Stock Up 0.8%
Shares of Lake Shore Bancorp stock traded up $0.15 on Wednesday, reaching $18.18. The company’s stock had a trading volume of 12,141 shares, compared to its average volume of 12,588. The company has a market capitalization of $142.71 million, a P/E ratio of 16.09 and a beta of 0.30. The stock has a 50-day moving average price of $17.77 and a 200-day moving average price of $16.85. Lake Shore Bancorp has a 52-week low of $12.75 and a 52-week high of $19.09.
Analyst Ratings Changes
Several research firms recently issued reports on LSBK. Weiss Ratings upgraded shares of Lake Shore Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, September 25th. Wall Street Zen raised shares of Lake Shore Bancorp to a “hold” rating in a report on Saturday, October 3rd. One research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.
Read Our Latest Stock Report on Lake Shore Bancorp
Institutional Trading of Lake Shore Bancorp
Institutional investors have recently modified their holdings of the stock. HBK Sorce Advisory LLC purchased a new position in Lake Shore Bancorp in the 2nd quarter valued at about $1,454,000. Dimensional Fund Advisors LP boosted its holdings in Lake Shore Bancorp by 1.4% in the 1st 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 last quarter. BlackRock Inc. acquired a new stake in Lake Shore Bancorp in the 2nd quarter worth about $525,000. Marquette Asset Management LLC purchased a new stake in Lake Shore Bancorp during the 2nd quarter worth approximately $172,000. Finally, Royal Bank of Canada purchased a new stake in Lake Shore Bancorp during the 1st quarter worth approximately $63,000. Institutional investors and hedge funds own 8.75% of the company’s stock.
Lake Shore Bancorp Company Profile
Lake Shore Bancorp, Inc is the holding company for Lake Shore Savings Bank, a community-oriented savings institution headquartered in Dunkirk, New York. Through its banking subsidiary, the company provides financial services to individuals, families, businesses, and nonprofit organizations.
Lake Shore Savings Bank offers deposit products such as checking, savings, money market, and certificate of deposit accounts. Its lending activities include residential mortgages, home equity loans, commercial real estate and business loans, and consumer financing.
Featured Stories
- Five stocks we like better than Lake Shore Bancorp
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Receive News & Ratings for Lake Shore Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lake Shore Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
