Lake Shore Bancorp, Inc. (LSBK) Posts Quarterly Earnings Results
Lake Shore Bancorp, Inc. (NASDAQ:LSBK) announced its earnings results on Wednesday. The savings and loans company reported $0.19 earnings per share for the quarter, Bloomberg Earnings reports. Lake Shore Bancorp had a net margin of 11.16% and a return on equity of 2.97%. The business had revenue of $4.96 million during the quarter.
Shares of Lake Shore Bancorp (NASDAQ LSBK) traded down 0.32% during midday trading on Thursday, hitting $15.70. 1,220 shares of the stock traded hands. The stock has a market cap of $93.65 million, a price-to-earnings ratio of 42.20 and a beta of -0.03. Lake Shore Bancorp has a one year low of $13.08 and a one year high of $16.59. The firm has a 50-day moving average price of $15.75 and a 200 day moving average price of $15.73.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.32 annualized dividend and a dividend yield of 2.04%. Lake Shore Bancorp’s dividend payout ratio (DPR) is 84.21%.
About Lake Shore Bancorp
Lake Shore Bancorp, Inc is a savings and loan holding company of Lake Shore Savings Bank (the Bank). The Bank’s loan portfolio consists of real estate loans and other loans. The real estate loans consist of residential one- to four-family, home equity, commercial and construction loans. The Bank’s other loans consists of commercial and consumer loans.
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