Lake Shore Bancorp (NASDAQ:LSBK) Shares Pass Below Two Hundred Day Moving Average of $15.23

Shares of Lake Shore Bancorp, Inc. (NASDAQ:LSBK) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.23 and traded as low as $14.90. Lake Shore Bancorp shares last traded at $14.90, with a volume of 0 shares changing hands.

The stock’s 50-day moving average price is $14.90 and its 200-day moving average price is $15.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $89.28 million, a price-to-earnings ratio of 24.21 and a beta of 0.06.

Lake Shore Bancorp (NASDAQ:LSBK) last posted its quarterly earnings results on Wednesday, July 24th. The savings and loans company reported $0.13 earnings per share (EPS) for the quarter. Lake Shore Bancorp had a net margin of 14.96% and a return on equity of 4.68%. The company had revenue of $5.23 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.22%.

An institutional investor recently raised its position in Lake Shore Bancorp stock. HBK Sorce Advisory LLC boosted its position in Lake Shore Bancorp, Inc. (NASDAQ:LSBK) by 3.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 66,103 shares of the savings and loans company’s stock after acquiring an additional 2,362 shares during the period. HBK Sorce Advisory LLC owned about 1.11% of Lake Shore Bancorp worth $988,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 10.88% of the company’s stock.

About Lake Shore Bancorp (NASDAQ:LSBK)

Lake Shore Bancorp, Inc operates as the savings and loan holding company for Lake Shore Savings Bank that provides retail and commercial banking products and services. It accepts various deposit products, such as regular savings deposits, including Christmas Club, passbook, and statement savings accounts; money market savings and checking accounts; interest bearing and non-interest bearing checking accounts comprising demand deposits; health savings accounts; retirement accounts; time deposits; interest on lawyer accounts; and accounts for individuals, as well as commercial savings, checking, and money market accounts for businesses.

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