Lake Shore Bancorp (NASDAQ:LSBK) Share Price Passes Below 200 Day Moving Average of $0.00

Lake Shore Bancorp, Inc. (NASDAQ:LSBK) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as low as $14.70. Lake Shore Bancorp shares last traded at $14.70, with a volume of 4 shares trading hands.

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.30. The business’s 50-day simple moving average is $14.93 and its 200 day simple moving average is $15.25. The firm has a market capitalization of $87.91 million, a P/E ratio of 23.71 and a beta of 0.06.

Lake Shore Bancorp (NASDAQ:LSBK) last issued its quarterly earnings results on Wednesday, July 24th. The savings and loans company reported $0.13 EPS for the quarter. Lake Shore Bancorp had a net margin of 14.96% and a return on equity of 4.71%. The business had revenue of $5.23 million for the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 5th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Friday, August 2nd.

A hedge fund recently raised its stake in Lake Shore Bancorp stock. Dimensional Fund Advisors LP raised its holdings in shares of Lake Shore Bancorp, Inc. (NASDAQ:LSBK) by 38.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,319 shares of the savings and loans company’s stock after acquiring an additional 5,072 shares during the period. Dimensional Fund Advisors LP owned about 0.30% of Lake Shore Bancorp worth $271,000 at the end of the most recent reporting period. 12.12% of the stock is currently owned by hedge funds and other institutional investors.

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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