Lake Shore Bancorp (LSBK) Sets New 52-Week Low at $14.53

Lake Shore Bancorp, Inc. (NASDAQ:LSBK) shares reached a new 52-week low during trading on Monday . The company traded as low as $14.53 and last traded at $14.53, with a volume of 300 shares trading hands. The stock had previously closed at $15.25.

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.31. The company has a market cap of $91.54 million, a P/E ratio of 23.46 and a beta of 0.09.

Lake Shore Bancorp (NASDAQ:LSBK) last posted its quarterly earnings data on Wednesday, January 30th. The savings and loans company reported $0.17 EPS for the quarter. Lake Shore Bancorp had a net margin of 16.66% and a return on equity of 5.07%. The business had revenue of $5.26 million for the quarter.

A hedge fund recently bought a new stake in Lake Shore Bancorp stock. First Manhattan Co. acquired a new stake in shares of Lake Shore Bancorp, Inc. (NASDAQ:LSBK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 20,000 shares of the savings and loans company’s stock, valued at approximately $301,000. First Manhattan Co. owned 0.33% of Lake Shore Bancorp at the end of the most recent reporting period. Institutional investors and hedge funds own 12.15% of the company’s stock.

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About Lake Shore Bancorp (NASDAQ:LSBK)

Lake Shore Bancorp, Inc operates as the savings and loan holding company for Lake Shore Savings Bank that provides retail and commercial banking products and services. It accepts various deposit products, such as regular savings deposits, including Christmas Club, passbook, and statement savings accounts; money market savings and checking accounts; interest bearing and non-interest bearing checking accounts comprising demand deposits; health savings accounts; retirement accounts; time deposits; interest on lawyer accounts; and accounts for individuals, as well as commercial savings, checking, and money market accounts for businesses.

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