Lake Shore Bancorp, Inc. (LSBK) to Issue Quarterly Dividend of $0.09 on November 11th

Lake Shore Bancorp, Inc. (NASDAQ:LSBK) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Monday, November 2nd will be given a dividend of $0.09 per share by the savings and loans company on Wednesday, November 11th. This represents a $0.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, November 2nd.

Lake Shore Bancorp Price Performance

NASDAQ LSBK traded down $0.10 during mid-day trading on Friday, hitting $18.61. The company’s stock had a trading volume of 12,048 shares, compared to its average volume of 12,822. Lake Shore Bancorp has a 52-week low of $13.07 and a 52-week high of $19.09. The stock’s fifty day simple moving average is $17.82 and its two-hundred day simple moving average is $16.89. The firm has a market capitalization of $146.09 million, a P/E ratio of 16.47 and a beta of 0.30.

Lake Shore Bancorp (NASDAQ:LSBK) last released its quarterly earnings data on Wednesday, October 21st. The savings and loans company reported $0.31 earnings per share (EPS) for the quarter. Lake Shore Bancorp had a net margin of 20.62% and a return on equity of 5.84%. The company had revenue of $7.93 million during the quarter.

Institutional Trading of Lake Shore Bancorp

Large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Lake Shore Bancorp during the second quarter worth $525,000. HBK Sorce Advisory LLC acquired a new stake in Lake Shore Bancorp during the 2nd quarter valued at $1,454,000. Marquette Asset Management LLC acquired a new stake in Lake Shore Bancorp during the 2nd quarter valued at $172,000. Royal Bank of Canada acquired a new stake in Lake Shore Bancorp during the 1st quarter valued at $63,000. Finally, Dimensional Fund Advisors LP increased its stake in Lake Shore Bancorp by 1.4% during 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 period. Institutional investors and hedge funds 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 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.