Lake Shore Bancorp (NASDAQ:LSBK) Announces Quarterly Earnings Results

Lake Shore Bancorp (NASDAQ:LSBK) issued its earnings results on Wednesday. The savings and loans company reported $0.26 earnings per share for the quarter, Zacks reports. Lake Shore Bancorp had a net margin of 18.38% and a return on equity of 6.26%.

Lake Shore Bancorp Stock Down 0.1%

LSBK opened at $15.94 on Thursday. The firm has a 50-day simple moving average of $15.43 and a two-hundred day simple moving average of $14.80. Lake Shore Bancorp has a 52 week low of $10.69 and a 52 week high of $15.97. The company has a market capitalization of $125.29 million, a PE ratio of 15.03 and a beta of 0.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bridgeway Capital Management LLC boosted its holdings in shares of Lake Shore Bancorp by 12.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 12,568 shares of the savings and loans company’s stock valued at $184,000 after purchasing an additional 1,400 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Lake Shore Bancorp by 22.6% in the 4th quarter. Renaissance Technologies LLC now owns 70,041 shares of the savings and loans company’s stock valued at $1,027,000 after acquiring an additional 12,900 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Lake Shore Bancorp by 26.7% in the 3rd quarter. Susquehanna International Group LLP now owns 18,960 shares of the savings and loans company’s stock valued at $246,000 after acquiring an additional 3,998 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Lake Shore Bancorp in the 3rd quarter valued at about $185,000. Finally, Bank of America Corp DE lifted its holdings in shares of Lake Shore Bancorp by 35.0% in the 3rd quarter. Bank of America Corp DE now owns 6,102 shares of the savings and loans company’s stock valued at $79,000 after acquiring an additional 1,581 shares during the last quarter. Institutional investors own 8.75% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lake Shore Bancorp in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Lake Shore Bancorp currently has an average rating of “Hold”.

Lake Shore Bancorp Company Profile

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.