The President & CEO of Lake Shore Bancorp is Exercising Options

By Carrie Williams

Today it was reported that the President & CEO of Lake Shore Bancorp (LSBKResearch Report), Daniel Reininga, exercised options to sell 773 LSBK shares at $7.88 a share, for a total transaction value of $11.6K.

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Based on Lake Shore Bancorp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $6.55 million and quarterly net profit of $805K. In comparison, last year the company earned revenue of $5.85 million and had a net profit of $1.01 million. The company has a one-year high of $17.30 and a one-year low of $14.25. LSBK’s market cap is $89.22M and the company has a P/E ratio of 23.96.

The insider sentiment on Lake Shore Bancorp has been negative according to 20 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Lake Shore Bancorp, Inc. operates as a mid-tier, federally chartered savings and loan holding company of Lake Shore Savings Bank, which engages in the business of attracting deposits from the general public. It offers personal services such as checking, savings, lending, banking, debit card services, e-services, and online services education center; and business including deposit products, commercial loans, business services, and business e-statements. The company was founded in 2006 and is headquartered in Dunkirk, NY.