Lake Shore Bancorp (NASDAQ:LSBK) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Lake Shore Bancorp to “Hold,” while Weiss Ratings raised its rating to “Buy (A-)”; MarketBeat data shows an average “Strong Buy” rating.
• LSBK shares opened at $18.38, near their 52-week high of $19.09, with a $144.28 million market capitalization and a P/E ratio of 16.27.
• The company reported quarterly EPS of $0.29 on $7.64 million in revenue, with a 20.74% net margin and 5.91% return on equity; institutional investors own 8.75% of the stock.

Lake Shore Bancorp (NASDAQ:LSBK - Get Free Report) was upgraded by investment analysts at Wall Street Zen to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Lake Shore Bancorp from a "buy (b)" rating to a "buy (a-)" rating in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".

Lake Shore Bancorp Stock Performance

Shares of LSBK stock opened at $18.38 on Friday. The stock has a 50 day moving average price of $17.57 and a 200 day moving average price of $16.58. Lake Shore Bancorp has a 52-week low of $12.50 and a 52-week high of $19.09. The firm has a market capitalization of $144.28 million, a P/E ratio of 16.27 and a beta of 0.30.

Lake Shore Bancorp (NASDAQ:LSBK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $0.29 EPS for the quarter. Lake Shore Bancorp had a return on equity of 5.91% and a net margin of 20.74%.The company had revenue of $7.64 million for the quarter.

Institutional Trading of Lake Shore Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada bought a new stake in Lake Shore Bancorp during the first quarter valued at about $63,000. Marquette Asset Management LLC bought a new position in Lake Shore Bancorp in the second quarter worth about $172,000. BlackRock Inc. bought a new position in Lake Shore Bancorp in the second quarter worth about $525,000. Dimensional Fund Advisors LP lifted its position in shares of Lake Shore Bancorp by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 45,709 shares of the savings and loans company's stock valued at $694,000 after buying an additional 650 shares during the last quarter. Finally, HBK Sorce Advisory LLC purchased a new stake in shares of Lake Shore Bancorp during the second quarter valued at about $1,454,000. Institutional investors own 8.75% of the company's stock.

Lake Shore Bancorp Company Profile

Lake Shore Bancorp, Inc is the holding company for Lake Shore Savings Bank, a community-oriented financial institution headquartered in Dunkirk, New York. The bank serves individuals, families, businesses and organizations primarily in western New York, including Chautauqua and Erie counties.

Lake Shore Savings Bank offers a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, residential mortgages, home equity loans, consumer lending and commercial loans.

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