Lake Shore Bancorp (NASDAQ:LSBK) Releases Earnings Results

Lake Shore Bancorp (NASDAQ:LSBK) announced its quarterly earnings data on Wednesday. The savings and loans company reported $0.29 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $7.64 million for the quarter. Lake Shore Bancorp had a return on equity of 5.95% and a net margin of 20.74%.

Lake Shore Bancorp Trading Up 0.6%

Lake Shore Bancorp stock traded up $0.10 during midday trading on Friday, hitting $17.12. The stock had a trading volume of 5,621 shares, compared to its average volume of 8,958. The stock has a market cap of $134.58 million, a P/E ratio of 15.24 and a beta of 0.28. Lake Shore Bancorp has a 12 month low of $12.00 and a 12 month high of $17.96. The business has a fifty day moving average price of $16.47 and a 200 day moving average price of $15.81.

Hedge Funds Weigh In On Lake Shore Bancorp

Several institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. acquired a new position in Lake Shore Bancorp during the 3rd quarter valued at approximately $4,282,000. Mangrove Partners IM LLC increased its position in Lake Shore Bancorp by 2.0% in the fourth quarter. Mangrove Partners IM LLC now owns 150,585 shares of the savings and loans company’s stock worth $2,208,000 after buying an additional 2,937 shares during the period. Graham Capital Wealth Management LLC increased its position in Lake Shore Bancorp by 1.8% in the fourth quarter. Graham Capital Wealth Management LLC now owns 77,407 shares of the savings and loans company’s stock worth $1,135,000 after buying an additional 1,376 shares during the period. Renaissance Technologies LLC lifted its stake in Lake Shore Bancorp by 22.6% in the fourth quarter. Renaissance Technologies LLC now owns 70,041 shares of the savings and loans company’s stock valued at $1,027,000 after buying an additional 12,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings 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 acquiring an additional 650 shares during the period. 8.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Lake Shore Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

About Lake Shore Bancorp

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.