Lake Shore Bancorp (NASDAQ:LSBK) Stock Crosses Above 50 Day Moving Average of $14.90

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Lake Shore Bancorp, Inc. (NASDAQ:LSBK) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.90 and traded as high as $14.97. Lake Shore Bancorp shares last traded at $14.95, with a volume of 10 shares changing hands.

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $88.99 million, a PE ratio of 24.13 and a beta of 0.06. The company’s fifty day simple moving average is $14.92 and its 200-day simple moving average is $15.04.

Lake Shore Bancorp (NASDAQ:LSBK) last posted its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $5.23 million for the quarter. Lake Shore Bancorp had a net margin of 14.96% and a return on equity of 4.68%.

An institutional investor recently raised its position in Lake Shore Bancorp stock. HBK Sorce Advisory LLC raised its stake in shares of Lake Shore Bancorp, Inc. (NASDAQ:LSBK) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,103 shares of the savings and loans company’s stock after purchasing an additional 2,362 shares during the period. HBK Sorce Advisory LLC owned 1.11% of Lake Shore Bancorp worth $988,000 at the end of the most recent quarter. 10.98% of the stock is owned by institutional investors and hedge funds.

Lake Shore Bancorp Company Profile (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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