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

Lake Shore Bancorp, Inc. (NASDAQ:LSBK) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Monday, November 2nd will be paid 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 yield of 1.9%. The ex-dividend date of this dividend is Monday, November 2nd.

Lake Shore Bancorp Stock Performance

NASDAQ LSBK traded down $0.10 during trading hours on Friday, hitting $18.61. The company had a trading volume of 12,048 shares, compared to its average volume of 12,822. The business has a 50 day moving average of $17.82 and a 200-day moving average of $16.89. The company has a market cap of $146.09 million, a PE ratio of 16.47 and a beta of 0.30. Lake Shore Bancorp has a 1-year low of $13.07 and a 1-year high of $19.09.

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

Analyst Upgrades and Downgrades

LSBK has been the topic of a number of recent research reports. Wall Street Zen raised shares of Lake Shore Bancorp to a “hold” rating in a report on Saturday, October 3rd. Weiss Ratings raised shares of Lake Shore Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, Lake Shore Bancorp currently has an average rating of “Strong Buy”.

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.