Lake Shore Bancorp (NASDAQ:LSBK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lake Shore Bancorp (NASDAQ:LSBK) to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Lake Shore Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Lake Shore Bancorp Stock Down 1.7%

LSBK stock opened at $18.07 on Friday. Lake Shore Bancorp has a twelve month low of $12.50 and a twelve month high of $19.09. The stock has a market capitalization of $141.85 million, a price-to-earnings ratio of 15.99 and a beta of 0.30. The firm’s fifty day simple moving average is $17.58 and its two-hundred day simple moving average is $16.62.

Lake Shore Bancorp (NASDAQ:LSBK) last released its earnings results on Wednesday, July 22nd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter. Lake Shore Bancorp had a net margin of 20.74% and a return on equity of 5.91%. The firm had revenue of $7.64 million during the quarter.

Lake Shore Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Monday, August 3rd were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, August 3rd. Lake Shore Bancorp’s dividend payout ratio (DPR) is currently 31.86%.

Institutional Investors Weigh In On Lake Shore Bancorp

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Lake Shore Bancorp in the 2nd quarter worth about $525,000. HBK Sorce Advisory LLC purchased a new position in shares of Lake Shore Bancorp during the second quarter worth approximately $1,454,000. Marquette Asset Management LLC bought a new stake in shares of Lake Shore Bancorp during the second quarter valued at approximately $172,000. Royal Bank of Canada purchased a new stake in shares of Lake Shore Bancorp in the first quarter valued at approximately $63,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Lake Shore Bancorp by 1.4% in 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 purchasing an additional 650 shares during the period. 8.75% of the stock is owned by hedge funds and other institutional investors.

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.