Short Interest in Lake Shore Bancorp, Inc. (NASDAQ:LSBK) Rises By 111.1%

Key Points

• Short interest jumped 111.1% to 19,492 shares as of March 31, implying a short-interest ratio of about 1.2 days and roughly 0.3% of shares sold short.
• Analyst sentiment is neutral — Weiss Ratings reiterated a "Hold (c)" and the consensus rating on the stock is "Hold."
• The company pays a quarterly dividend of $0.09 (annualized $0.36) for a 2.3% yield

Lake Shore Bancorp, Inc. (NASDAQ:LSBK - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 19,492 shares, a growth of 111.1% from the March 15th total of 9,233 shares. Based on an average daily volume of 15,900 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Lake Shore Bancorp in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

Hedge Funds Weigh In On Lake Shore Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Graham Capital Wealth Management LLC grew its holdings in shares of Lake Shore Bancorp by 1.8% in the 4th quarter. Graham Capital Wealth Management LLC now owns 77,407 shares of the savings and loans company's stock valued at $1,135,000 after buying an additional 1,376 shares during the period. Bank of America Corp DE grew its holdings in shares of Lake Shore Bancorp by 35.0% in the 3rd quarter. Bank of America Corp DE now owns 6,102 shares of the savings and loans company's stock valued at $79,000 after buying an additional 1,581 shares during the period. Bridgeway Capital Management LLC acquired a new position in shares of Lake Shore Bancorp in the 3rd quarter valued at $145,000. Mangrove Partners IM LLC acquired a new position in shares of Lake Shore Bancorp in the 3rd quarter valued at $1,919,000. Finally, Sandhill Capital Partners LLC acquired a new position in shares of Lake Shore Bancorp in the 3rd quarter valued at $260,000. Institutional investors and hedge funds own 8.75% of the company's stock.

Lake Shore Bancorp Price Performance

Shares of Lake Shore Bancorp stock traded down $0.01 on Friday, hitting $15.69. 3,989 shares of the company's stock traded hands, compared to its average volume of 12,388. The firm's 50-day moving average price is $15.38 and its two-hundred day moving average price is $14.64. The stock has a market capitalization of $123.37 million, a PE ratio of 14.80 and a beta of 0.31. Lake Shore Bancorp has a one year low of $10.05 and a one year high of $15.75.

Lake Shore Bancorp (NASDAQ:LSBK - Get Free Report) last issued its earnings results on Wednesday, January 21st. The savings and loans company reported $0.26 EPS for the quarter. The company had revenue of $7.30 million during the quarter. Lake Shore Bancorp had a net margin of 18.38% and a return on equity of 6.26%.

Lake Shore Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Monday, February 2nd were given a dividend of $0.09 per share. The ex-dividend date was Monday, February 2nd. This represents a $0.36 annualized dividend and a dividend yield of 2.3%. Lake Shore Bancorp's payout ratio is presently 33.96%.

Lake Shore Bancorp Company Profile

Lake Shore Bancorp, Inc operates as a savings and loan holding company for Lake Shore Servings Bank. It offers personal services such as checking, savings, lending, banking, debit card, e-services, and online banking; and business services including deposit products, commercial loans, and business e-statements. The company was founded in 2006 and is headquartered in Dunkirk, NY.

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