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Lake Shore Stock Soars Higher (LSBK)

By TheStreet Wire 03/03/11 - 10:01 AM EST

Find out if (LSBK) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Lake Shore Bancorp (Nasdaq:LSBK) have taken a tremendous swing upward. The stock is trading at $14 as of 9:30 a.m. ET, 33.3% above Wednesday's closing price of $10.50. Volume is at 580, 0.5 times the daily average of 1,200.

Lake Shore has a market cap of $62.5 million and is part of the financial sector and banking industry. Shares are up 13.8% year to date as of the close of trading on Wednesday.

Lake Shore Bancorp, Inc. operates as the holding company for Lake Shore Savings Bank, which engages in the retail banking business in Erie and Chautauqua Counties of New York. The company has a P/E ratio of 18.9, below the average banking industry P/E ratio of 20.8 and below the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates Lake Shore as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, solid stock price performance, increase in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Lake Shore Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

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