Lake Shore Bancorp, Inc. (NASDAQ:LSBK) Declares Quarterly Dividend of $0.09

Lake Shore Bancorp, Inc. (NASDAQ:LSBK) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Monday, August 3rd will be paid a dividend of 0.09 per share by the savings and loans company on Wednesday, August 12th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, August 3rd.

Lake Shore Bancorp has decreased its dividend by an average of 0.0%per year over the last three years.

Lake Shore Bancorp Stock Up 1.1%

Shares of NASDAQ:LSBK traded up $0.18 during midday trading on Friday, reaching $17.20. 41,475 shares of the company were exchanged, compared to its average volume of 9,242. Lake Shore Bancorp has a fifty-two week low of $12.00 and a fifty-two week high of $17.96. The stock has a fifty day simple moving average of $16.47 and a two-hundred day simple moving average of $15.81. The firm has a market cap of $135.19 million, a PE ratio of 15.22 and a beta of 0.28.

Lake Shore Bancorp (NASDAQ:LSBK) last announced its earnings results on Wednesday, July 22nd. The savings and loans company reported $0.29 earnings per share for the quarter. The firm had revenue of $7.64 million during the quarter. Lake Shore Bancorp had a net margin of 20.74% and a return on equity of 5.95%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Lake Shore Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus 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.