Extremely important positive changes in investment behavior have recently occurred for Lake Shore Bancorp Inc (NASDAQ: LSBK): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and its shorter term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
LSBK is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Lake Shore Bancorp has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Lake Shore Bancorp has a neutral Appreciation Score of 44 and a slightly positive Power Rating of 61, producing the Neutral Value Trend Rating.
Recent Price Action
Lake Shore Bancorp Inc (NASDAQ: LSBK) stock closed at $11.87 on 5/2/24 after a large increase of 2.9%. However, unusually low trading volume at 65% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 10.9% during the last week.
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