Last $13.35 USD
Change Today 0.00 / 0.00%
Volume 0.0
LSBK On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GM
As of 8:10 PM 01/15/15 All times are local (Market data is delayed by at least 15 minutes).

lake shore bancorp inc (LSBK) Snapshot

Open
$13.25
Previous Close
$13.35
Day High
$13.35
Day Low
$13.25
52 Week High
12/4/14 - $14.00
52 Week Low
08/1/14 - $11.95
Market Cap
79.3M
Average Volume 10 Days
1.6K
EPS TTM
$0.60
Shares Outstanding
5.9M
EX-Date
10/31/14
P/E TM
22.3x
Dividend
$0.28
Dividend Yield
2.10%
Current Stock Chart for LAKE SHORE BANCORP INC (LSBK)

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lake shore bancorp inc (LSBK) Details

Lake Shore Bancorp, Inc. operates as the holding company for Lake Shore Savings Bank that provides retail and commercial banking products and services. It offers various deposit products, including regular savings deposits, such as Christmas club, passbook, and statement savings accounts; money market accounts; interest bearing and non-interest bearing checking accounts; health savings accounts; retirement accounts; time deposits; and interest on lawyer accounts, as well as checking accounts for businesses. The company’s loan portfolio includes one-to four-family residential mortgage lending, home equity lines of credit, commercial real estate loans, construction loans, and commercial loans; consumer loans, such as personal consumer loans, overdraft lines of credit, vehicle loans, motorcycle loans, secured and unsecured property improvement loans, and other secured and unsecured loans. As of April 24, 2014, it had 11 full-service branches in Western New York. The company was founded in 1891 and is headquartered in Dunkirk, New York. Lake Shore Bancorp, Inc. is a subsidiary of Lake Shore, MHC.

105 Employees
Last Reported Date: 03/26/14
Founded in 1891

lake shore bancorp inc (LSBK) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $256.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $161.2K
Internal Auditor
Total Annual Compensation: $107.2K
Compensation as of Fiscal Year 2013.

lake shore bancorp inc (LSBK) Key Developments

Lake Shore Bancorp, Inc. Intends to Reduce the Proposed Quarterly Dividend

The Board of Directors of Lake Shore Bancorp Inc. intends to reduce the proposed quarterly dividend from $0.07 per outstanding share to $0.04 per outstanding share.

Lake Shore Bancorp Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Lake Shore Bancorp Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported interest income of $4,395,000 compared to $4,626,000 a year ago. Net interest income was $3,544,000 compared to $3,740,000 a year ago. Income before income taxes was $797,000 compared to $1,208,000 a year ago. Net income was $688,000 or $0.12 per basic and diluted share compared to $986,000 or $0.17 per basic and diluted share a year ago. Return on average assets was 0.56% compared to 0.81% a year ago. Return on average equity was 3.96% compared to 6.09% a year ago. The decrease in the company's third quarter net income reflects the implementation of certain strategies throughout 2014 that are intended to reduce interest rate risk and position the Bank for a rising interest rate environment. For the nine months, the company reported interest income of $13,460,000 compared to $13,908,000 a year ago. Net interest income was $10,953,000 compared to $11,213,000 a year ago. Income before income taxes was $2,849,000 compared to $3,304,000 a year ago. Net income was $2,362,000 or $0.41 per basic and diluted share compared to $2,692,000 or $0.47 per basic and diluted share a year ago. Return on average assets was 0.65% compared to 0.74% a year ago. Return on average equity was 4.61% compared to 5.40% a year ago.

Lake Shore Bancorp Inc Declares Quarterly Cash Dividend, Payable on November 18, 2014

Lake Shore Bancorp Inc.'s Board of Directors on October 22, 2014 declared a quarterly cash dividend of $0.07 per share on its outstanding common stock. The dividend is payable on November 18, 2014 to shareholders of record as of November 4, 2014.

 

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Industry Analysis

LSBK

Industry Average

Valuation LSBK Industry Range
Price/Earnings 22.5x
Price/Sales 4.5x
Price/Book 1.1x
Price/Cash Flow 23.2x
TEV/Sales 1.1x
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