Lake Shore Bancorp, Inc. (NASDAQ:LSBK) Sees Large Growth in Short Interest

Lake Shore Bancorp, Inc. (NASDAQ:LSBK) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 900 shares, a growth of 50.0% from the July 31st total of 600 shares. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Shares of Lake Shore Bancorp stock traded up $0.09 during midday trading on Friday, hitting $14.90. The company had a trading volume of 200 shares, compared to its average volume of 4,152. The stock has a market cap of $89.40 million, a price-to-earnings ratio of 24.24 and a beta of 0.06. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $14.86 and a 200 day simple moving average of $15.16. Lake Shore Bancorp has a 12-month low of $14.25 and a 12-month high of $17.26.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.48 annualized dividend and a yield of 3.22%.

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

Lake Shore Bancorp Company Profile

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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