Lake Shore Bancorp, Inc. (NASDAQ:LSBK) Shareholders Set to Receive $0.09 Quarterly Dividend

Lake Shore Bancorp, Inc. (NASDAQ:LSBK) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Monday, November 2nd will be given a dividend of $0.09 per share by the savings and loans company on Wednesday, November 11th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, November 2nd.

Lake Shore Bancorp Stock Down 0.5%

Shares of LSBK traded down $0.10 during trading hours on Friday, hitting $18.61. 12,048 shares of the company were exchanged, compared to its average volume of 12,822. The company has a market cap of $146.09 million, a price-to-earnings ratio of 16.47 and a beta of 0.30. Lake Shore Bancorp has a fifty-two week low of $13.07 and a fifty-two week high of $19.09. The firm’s fifty day moving average is $17.82 and its 200 day moving average is $16.89.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LSBK. Weiss Ratings upgraded shares of Lake Shore Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, September 25th. Wall Street Zen upgraded shares of Lake Shore Bancorp to a “hold” rating in a research report on Saturday, October 3rd. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Lake Shore Bancorp Company Profile

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.