Stilwell Value buys $3,833,555 stake in Lake Shore Bancorp (LSBK)

Lake Shore Bancorp (LSBK) : Stilwell Value scooped up 5,000 additional shares in Lake Shore Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 286,364 shares of Lake Shore Bancorp which is valued at $3,833,555.Lake Shore Bancorp makes up approximately 2.38% of Stilwell Value’s portfolio.

Other Hedge Funds, Including , Hbk Sorce Advisory added LSBK to its portfolio by purchasing 47,658 company shares during the most recent quarter which is valued at $637,998. Lake Shore Bancorp makes up approx 0.13% of Hbk Sorce Advisory’s portfolio.Blackrock Investment Management boosted its stake in LSBK in the latest quarter, The investment management firm added 93 additional shares and now holds a total of 429 shares of Lake Shore Bancorp which is valued at $5,743.

Lake Shore Bancorp Inc. is a mid-tier federally chartered savings and loan holding company of Lake Shore Savings Bank (the Bank). The Company’s operations are conducted out of its corporate headquarters and main branch office in Dunkirk New York and 10 other branch offices. The Company’s branches in Chautauqua County New York are located in Dunkirk Fredonia Jamestown Lakewood and Westfield. The Company has seven stand-alone automated teller machines (ATMs). The Company is focused on originating commercial real estate and commercial business loans to add adjustable rate loans to its portfolio and diversify the risk on its balance sheet. All of the securities in the Company’s portfolio are classified as available for sale. The Company’s primary sources of funds are deposits borrowings repayments and prepayments of loans and securities principal proceeds from the sale of securities proceeds from maturing securities and cash flows provided by operations.

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